Rebuilding Place in the Urban Space

"A community’s physical form, rather than its land uses, is its most intrinsic and enduring characteristic." [Katz, EPA] This blog focuses on place and placemaking and all that makes it work--historic preservation, urban design, transportation, asset-based community development, arts & cultural development, commercial district revitalization, tourism & destination development, and quality of life advocacy--along with doses of civic engagement and good governance watchdogging.

Wednesday, February 23, 2005

More People Use Credit Cards for Small Purchases

This article from the Washington Post, "For Some, No Purchase Is Too Small For Plastic: Fees for Card Use Irk Some Merchants" discuss how more and more people aren't carrying cash, and are using credit and debit cards for purchases under $5. Given that the transaction charge to the retailer ranges from 35 to 55 cents on a $2.25 purchase, profit margins (the article features the local store the Chocolate Moose) get crushed.

Would you recommend a minimum purchase of $5 or $10 to use a credit card? The article says that consumers are rebelling against minimums.

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