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| Authored by: Anonymous on Monday, January 14 2013 @ 04:05 PM EST |
| It's interesting they are complaining about this. I expect US readers are
getting fed up with US-UK comparisons but I'll add that the UK tax authorities
have been encouraging individuals to file online for about 5 years now (and have
been insisting on small businesses filing that way for 6 years) and we've not
heard of any such problems. Wonder what the two authorities are doing
differently. [ Reply to This | Parent | # ]
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| Authored by: Anonymous on Monday, January 14 2013 @ 04:20 PM EST |
At least where I live, the merchant is on the hook for any credit card fraud
relating to the merchant. The credit card companies are fairly mean about it.
Too much fraud and the pull the merchant's credit card license.
The bank's
win four ways with credit cards:
a) They get the hidden 5% fee from the
merchant.
b) They get interest from the customer.
c) If something goes
wrong with the transaction, they often stick the merchant with the loss.
d)
The system is set up such that if the customer goes broke, the bank often often
collected enough interest to cover their loses.
Credit cards are one of the
few no-loss businesses in existence. The banks have it pretty well covered. [ Reply to This | Parent | # ]
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| Authored by: albert on Tuesday, January 15 2013 @ 11:42 AM EST |
| .. [ Reply to This | Parent | # ]
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