credit cards: What using your credit card costs retailers
- 01/30/09 05:07 AM
30012009 Freakonomics recently made a post in reference to The True Cost of Credit. To use this site you need to type in the first 6 digits of your credit card number. These 6 digits are referred to as the Issuer Identification Number and are the same on every card of the exact same type. The following information will be available on the next page: How your card stacks up against other cards with regards to merchant cost to accept How much it costs a retailer to sell: A pack of gum Sub Sandwich Pizza Tank of gas Online book purchase Groceries Electricity Flight Flat Screen TV (0 comments)