Here’s the good news: Airfares have declined in Canada. The bad news? You might wind up paying more in added fees. WestJet, along with several U.S. airlines, recently hiked its checked-bag charges. And Flair Airlines has a new fee: a charge for paying for your flight with a credit card.
I don’t really think it’s reasonable to expect businesses will do anything to benefit customers though. Right now they have those costs accounted for in pricing, as you’ve stated. If they are allowed to charge fees for credit card use, they will keep their prices the same and simply add a further cost to the customers using cards. They’re not going to lower prices.
I believe your situation will simply result in higher costs for everyone while the business profits more than ever.
Yes, that is also true. Prices are not directly related to cost, but to consumer’s willingness to pay. However in the long term there is a pressure to provide low prices and lowering cost will allow that.
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I see, that makes sense.
I don’t really think it’s reasonable to expect businesses will do anything to benefit customers though. Right now they have those costs accounted for in pricing, as you’ve stated. If they are allowed to charge fees for credit card use, they will keep their prices the same and simply add a further cost to the customers using cards. They’re not going to lower prices.
I believe your situation will simply result in higher costs for everyone while the business profits more than ever.
Yes, that is also true. Prices are not directly related to cost, but to consumer’s willingness to pay. However in the long term there is a pressure to provide low prices and lowering cost will allow that.