There's a lot of smoke and mirrors with pricing everywhere.
I don't believe there's a "cash discount," I think they just call it that so the CC users don't cry about being charged extra.
The cash price is the price. Any fees incurred by the seller as a result of allowing other payment methods are kindly passed along to the buyers, so the CC price is higher. The seller doesn't make more on the CC sales, but he tries not to make less due to the CC fees.
If there was a "cash discount" the CC price would be the advertised price, and there'd be something saying there's a 3% cash discount for non-CC transactions. I haven't seen any listings worded that way.
A 3% discount involves subtraction, as in $X - $.03X = Cash Discount Price, where $X is the price.
I don't believe there's a "cash discount," I think they just call it that so the CC users don't cry about being charged extra.
The cash price is the price. Any fees incurred by the seller as a result of allowing other payment methods are kindly passed along to the buyers, so the CC price is higher. The seller doesn't make more on the CC sales, but he tries not to make less due to the CC fees.
If there was a "cash discount" the CC price would be the advertised price, and there'd be something saying there's a 3% cash discount for non-CC transactions. I haven't seen any listings worded that way.
A 3% discount involves subtraction, as in $X - $.03X = Cash Discount Price, where $X is the price.