FlyerTalk Forums - View Single Post - Money Orders with CCs and store gift cards
Old Nov 12, 2008, 5:51 pm
  #6  
AAerSTL
 
Join Date: Aug 2008
Location: Boston, MA (BOS)
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Originally Posted by olwagner
Do you have the name of the grocery store willing to pay 3% (so $9 for a $300 money order) to the credit card company while only getting $1 from the customer to recoup this $9 cost?
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As for the $9 (3 %), [which btw very well may not be the amount they pay] would be no different than someone ringing out $300 in groceries and charging it on their MC, Visa, etc. I guess in this transaction they would hypothetically lose the n dollars, but like anything else they may lose $9 on one customer but make $25 on the next guy.
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