Merchants Adding 4% Charge to their CC Customers

[Anonymous]

read this it’ll explain everything:

https://www.experian.com/blogs/ask-experian/how-to-avoid-credit-card-convenience-fees/

[Anonymous]

A surcharge is not giving a cash discount that’s a totally different thing. Convenience fees are only allowed due to the payment channel and surcharges can be charged in most jurisdictions.

what state are you in @Wavester64 ?

[Anonymous]

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@Anonymous wrote:
read this it’ll explain everything:

https://www.experian.com/blogs/ask-experian/how-to-avoid-credit-card-convenience-fees/

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Appreciate the good information! Will add the state I reside in charges a fee if you use credit cards but not if you pay by cash, check or other non fee bearing products. The state has the situation where they cannot cover non state charges. Also, many of the cities in the state accept credit cards and do charge for the card fee as they cannot justify spreading the credit charges over the utility base (legal matter) or other governmental related services.

[M_Smart007]

If they add 4% to my orders, it would be the last time.

I will gladly tell them, I will take my bus. to a merchant who does'nt Extort charge the 4%.

[Anonymous]

As a side note, it is pretty common in the restaurant/bar industry to remit CC processing fees from employees CC tips. 

[Anonymous]

My friend hasn’t had one person bat an eye at the surcharge at his business. But that’s what he was afraid of, that everyone would just go somewhere else, but they didn’t bat an eye.

As stated above the merchant can just increase the price of the good to offset the fee rather than adding a surcharge which a lot of people will find offensive.

As a consumer I don’t like the idea either. But I’ve been a business owner before and I could see the utility there. But I can also see some people getting offended, so that would have to be an individual business choice, I suppose.

[Wavester64]

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@Anonymous wrote:

A surcharge is not giving a cash discount that’s a totally different thing. Convenience fees are only allowed due to the payment channel and surcharges can be charged in most jurisdictions.

what state are you in @Wavester64 ?

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NJ

[Anonymous]

That’s kind of comical if you think about it. In order to get more business they gave rewards cards and charge a higher interexchange fee. Then the merchant adds a surcharge fee to recover the rewards that we earn, so then we end up back at zero and so is the bank, but we feel like we gained something. We did, our own money, lol.

[Anonymous]

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@Wavester64 wrote:

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@Anonymous wrote:

A surcharge is not giving a cash discount that’s a totally different thing. Convenience fees are only allowed due to the payment channel and surcharges can be charged in most jurisdictions.

what state are you in @Wavester64 ?

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NJ

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@Wavester64 well then from the list at Experian, it doesn't look like your state prohibits it, but I wouldn't take that as gospel without looking it up.

[gdale6]

One merchant in town here sent me a bill for 85.00 I called them to pay it and it ended up 87.98 when I called them they told me it was the banks automatically charging all CC customers 3.5%, that there was nothing they could do and if I wanted to complain to call my credit card company which I did do, they opened up a dispute for the 2.98 and I know whats going to happen its going to be charged back to them along with a 25 fee for the chargeback. I used to take CCs in my businesses and know banks dont make anyone do this...... Pure crap that they pass on the fees and the merchants or people that are saying pay cash, cash is going by the wayside its all going to be CCs/debit cards before long....