Article 71GKJ Merchants’ ‘victory’ over credit card fees will just complicate things more for them

Merchants’ ‘victory’ over credit card fees will just complicate things more for them

by
Gene Marks
from US news | The Guardian on (#71GKJ)

Do small business owners think that Visa and Mastercard won't just recoup their fees elsewhere?

Want to buy a new shirt from your friendly neighborhood small business? In some cases, be prepared to pay out 2.5% more as a financing" fee because you're using a credit card. Enjoying that meal at the local diner? Better have cash or you could be subject to the same fee. Grabbing a bag of chips and a soda at the local convenience store? Oops ... Unless you're prepared to spend a minimum of 10 bucks you can't use your credit card, sorry.

I've always been irritated by these practices. And I know I'm not alone. Who carries cash any more? Why are we, the customer, being shamed because we choose to buy something using what has become a standard form of payment over something that's clearly a thing of the past?

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