Should cash and credit prices differmany gas stations and, Ask an Expert

Management Studies

Should cash and credit prices differ?

Many gas stations (and some other marketers) set one price for credit purchases and a lower price for cash purchases. No, credit customers aren’t being charged more—in fact, adding a surcharge to a credit-card purchase is illegal in 10 states, and the credit-card companies don’t allow extra fees, either. However, marketers can offer a discount for paying with cash, as long as the two prices are clearly disclosed.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93091631

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