Why does everyone hate on the Discover card?

[Turin39789]

paypal dont want it, exchangepath did and now they dumped it. Yahoo's Paydirect seems to be the only thing out there for discover card users
any info on this?

 

[G14]

When ever you make a payment with a credit card the credit card company recieves a percentage of the sale from the store. For example if you go to CompUSA and buy a video card for $100 CompUSA will then pay VISA 1.9% of that $100 or $1.90. Discover takes out 3.9% of each purchase!!! So it makes more sense not to take Discover since you'll lose more money as a retailer. Hope this helps!

 

[Horsepower]

Not to mention, Discover lost a couple of lawsuits by comsumers regarding interest calculations. I couldn't pay it off fast enough and closed my account.

 

[Turin39789]

thats why i never leave a balance on it, i just want my cashback bonus 2 bucks every year what a great deal

 

[jamarno]

It doesn't make sense for merchants to hate Discover because it charges them less than any other card. When I bought the central air conditioner for my house, the only credit card that the contractor would take was Dicover because the others ate into the profits too much.