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Discussion:3% extra to pay by credit card
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Podolin (talk|edits) said:
| 21 August 2012
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| I hate to write checks, address and stamp envelopes, etc., so I pay 90% of my bills online, either by credit card or online check-writing. Recently, I was glad to see a note from one vendor that I could now pay them via credit card, but that there would be a 3% service fee if I did so. I thought the credit card companies make their merchants sign an agreement saying they would not do that. True? Anyone know?
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Sumwun (talk|edits) said:
| 21 August 2012
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| My dry cleaner instituted a surcharge (50 cents, as I recall) for each debit or credit card transaction. Cash transactions were free. So I drew money from the ATM down the road and paid my bill in cash. I('m sure many others did likewise. It came as no surprise to me that he abolished the surcharge a couple of months later and simply raised his prices. Banking, however you do it, costs money and it is simply another cost of doing business. The airlines have to be honest about their pricing these days. Surely everyone else should be as well?
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Tax Writer (talk|edits) said:
| 21 August 2012
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| I read the Forbes article that EmpireCPA posted. I'm in CA, but it seems like a lot of the merchants here charge a surcharge, especially for debit card transactions (usually 50 cents). The gas stations downtown all offer a cheaper gas price for cash vs. credit cards.
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Podolin (talk|edits) said:
| 21 August 2012
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| Thanks for all the input, especially the Forbes article. I learned something.
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