Sometimes retailers will give you up to a 5% discount if you pay cash for their products instead of using your credit card. Why?

Question

Quizplus · Accepted Answer

By accepting cash, retailers can avoid paying the Merchants Discount Fee, which is a percentage of each credit card transaction that card issuers charge to retailers for processing the transaction. By passing along the savings to customers, retailers hope to incentivize cash purchases and avoid the fees associated with credit card transactions.

Sometimes Retailers Will Give You Up to a 5% Discount