On the upper left hand side of the front of the $1 Federal Reserve note in my hand:
THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE
Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation. Paper currency is a common form of legal tender in many countries.
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Maybe the DHS should help to subsidize the use of credit cards!
Why should a merchant be required to pay for a core function of the DHS and the countless highly paid spook operations?
…
Costs to merchants (in this case, the hotel)
For each purchase, the bank charges the merchant a commission (discount fee) for this service and there may be a certain delay before the agreed payment is received by the merchant. The commission is often a percentage of the transaction amount, plus a fixed fee (interchange rate). In addition, a merchant may be penalized or have their ability to receive payment using that credit card restricted if there are too many cancellations or reversals of charges as a result of disputes. Some small merchants require credit purchases to have a minimum amount to compensate for the transaction costs.
Merchants are charged several fees for accepting credit cards. The merchant is usually charged a commission of around 1 to 3 percent of the value of each transaction paid for by credit card. The merchant may also pay a variable charge, called an interchange rate, for each transaction. In some instances of very low-value transactions, use of credit cards will significantly reduce the profit margin or cause the merchant to lose money on the transaction.
I don’t have a credit card and I wouldn’t want one. I like cash. It gives me a physical reference for how much I’m spending. Spending $10 and $100 feels the same when you’re just swiping a card, but with cash, you can feel the difference.
Cash allows me to, at any time, have a good feeling for how I’m doing budget-wise and it keeps me from running up unnecessary debts.
Judging from the economic situation in America, a lot of people could learn from that.
Defense.gov News Photo 110426-A-7597S-183: U.S. Special Operations service members with Special Operations Task Force South board two UH-60 Black Hawk helicopters following a clearing operation in Panjwa'i district in Kandahar province, Afghanistan, on April 25, 2011. Source: Wikimedia.
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On the upper left hand side of the front of the $1 Federal Reserve note in my hand:
THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE
Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation. Paper currency is a common form of legal tender in many countries.
…
Maybe the DHS should help to subsidize the use of credit cards!
Since they are using the data to spy on us all;
Data Mining and Homeland Security:
An Overview. http://epic.org/privacy/fusion/crs-dataminingrpt.pdf
Why should a merchant be required to pay for a core function of the DHS and the countless highly paid spook operations?
…
Costs to merchants (in this case, the hotel)
For each purchase, the bank charges the merchant a commission (discount fee) for this service and there may be a certain delay before the agreed payment is received by the merchant. The commission is often a percentage of the transaction amount, plus a fixed fee (interchange rate). In addition, a merchant may be penalized or have their ability to receive payment using that credit card restricted if there are too many cancellations or reversals of charges as a result of disputes. Some small merchants require credit purchases to have a minimum amount to compensate for the transaction costs.
Merchants are charged several fees for accepting credit cards. The merchant is usually charged a commission of around 1 to 3 percent of the value of each transaction paid for by credit card. The merchant may also pay a variable charge, called an interchange rate, for each transaction. In some instances of very low-value transactions, use of credit cards will significantly reduce the profit margin or cause the merchant to lose money on the transaction.
…
I don’t have a credit card and I wouldn’t want one. I like cash. It gives me a physical reference for how much I’m spending. Spending $10 and $100 feels the same when you’re just swiping a card, but with cash, you can feel the difference.
Cash allows me to, at any time, have a good feeling for how I’m doing budget-wise and it keeps me from running up unnecessary debts.
Judging from the economic situation in America, a lot of people could learn from that.