RolStoppable said:
pokoko said:
Credit card transaction fees are a huge drain on profit margins, especially when you're dealing with many small transactions.
I remember when I worked for a small, locally owned convenience store, people would try to pay for a single soda or $2 worth of gas with a credit card then get angry when I'd tell them there was a minimum purchase amount. I would say, seriously, you're literally contributing to the death of this establishment. We'd lose money every time we engaged in transactions under a certain amount. With small businesses especially, it's a huge problem.
It's annoying but I can't blame them.
On a related note, even though I despise using Windows LIVE (Microsoft Account, whatever), I had to log in recently to access my Microsoft certifications. It had been a very long time since I used it for anything except that, so I was kind of browsing around and discovered that I have a balance of 400 Microsoft points from years ago when you had to use the horrible GFWL to buy Fallout 3 DLC.
Btw, anyone know how much that is in real money? |
$1 is 80 MS points, so $5. Microsoft is an evil corporation, so they deliberately made their currency misleading instead of using a simple $1 = 100 points conversion.
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Thank you. I should look into redeeming that somehow. As far as Microsoft goes, I'm sure they have some rationale for using moon money, but my guess is that part of the purpose is akin to the psychological trick of using tickets at a fair, where people stop thinking of the tickets as "real money" and thus spend more freely.
