Replies to post #18946 on Moon Equity Holdings Corp (MONI)

[Maria56]

In the post to which I responded, you wrote:

Have you noticed that when you pay at the counter they tell you to push credit and not debit? That is because debit transactions are free and credit transactions are usually $1 per swipe. That is because the business is charged $1 on credit per swipe regardless. That is money they lose per swipe.

Believe, if you will, that I enter ALL expenses into Quicken. I don't need an education on fees charged. What I do NOT understand, however, in what you wrote above is why "they tell you to push credit and not debit" if they are losing money on credit transactions for which they (the business - yeah, I got that) are being charged.

I do not believe for a moment that Cyber-thingy will ever make any money not related to the sale of stock. But let's accept that as a possibility for a moment, in which case, I do not believe that cyber-thingies will be moving money around internationally without charging SOMEBODY, and the only SOMEBODY that makes sense is the consumer.

This will not be done without a fee.

BTW, the only time a business has expressed a preference of debit over credit to me was when I tried to put a new car on my Discover card. :-)

[Steve White]

Retailer is not going to eat it. It's flawed everywhere