Credit Card Fees Now Everywhere!

[Anonymous]

Anonymous wrote:I mean isn't there a big cost associated with accepting cash? Having to hire Brinks trucks and deal with the cash?

Yeah it's a bluff.
They don't want cash, and they know you don't want cash, but they want to charge more money.

[Anonymous]

Anonymous wrote:I mean isn't there a big cost associated with accepting cash? Having to hire Brinks trucks and deal with the cash?

Yes, small business often discourage cc because the cash can be kept off the book, lower profit margin and higher cc processing fees they have to pay. Now businesses of any size are doing it because they can. Some rules were changed to allow it.

Once the hassle of dealing with cash again hits, some may relent

[Anonymous]

We should pay in pennies.

[Anonymous]

This seems quite reasonable to me. If you're a small business with, for example, a 5% profit margin, that 3.5 percent credit card fee is destroying your profits.

You could raise prices across the board or just charge people for the fees they are incurring you.

[Anonymous]

This is because the swipe fees have gone up significantly, and because merchants have to accept ALL cards of a company, right now.

The new settlement that will probably go into effect next year will allow more differentiation.

https://www.reuters.com/sustainability/boards-policy-regulation/visa-mastercard-reach-revised-swipe-fee-settlement-with-merchants-2025-11-10/

PRobably one outcome will be that cards with higher surcharges will get a fee, but if you use a lower surcharge card (meaning a more "basic" card), you will pay a lower or no surcharge.

[Anonymous]

Anonymous wrote:This seems quite reasonable to me. If you're a small business with, for example, a 5% profit margin, that 3.5 percent credit card fee is destroying your profits.

You could raise prices across the board or just charge people for the fees they are incurring you.

Yes, and in the EU and Australia, there are caps on the surcharge, usually around 0.3%. It's thus much easier for the merchants to take cards, and credit cards aren't nearly as profitable a business for the banks in those countries. But they still exist because they are still profitable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I feel increasingly annoyed at the 3% credit card fees being levied by retailers, the doctor's office, contractors doing work in my home, etc. Everyone looking for more money! Is this because of tariffs? To avoid increasing costs on the goods themselves? If I pay cash, it just mitigates the advantages of having the credit cards in the first place with the points and all. I will just get rid of my credit cards.

Just very annoying. Is anyone else seeing a dramatic increase on these? Are you using your debit cards more instead?

You can not be this dumb

Yes Tarriffs
Yes Republicans
Yes oligarchs
Yes CEOS
Yes Project 2025


Fixed it for you now find your brain cells this is not hard .

How do you explain the credit card fees when Biden was in office? You can’t be so dumb to blame everything on Trump.

The whole point of this thread is "now everywhere" - so many new places charging fees that never did before.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I feel increasingly annoyed at the 3% credit card fees being levied by retailers, the doctor's office, contractors doing work in my home, etc. Everyone looking for more money! Is this because of tariffs? To avoid increasing costs on the goods themselves? If I pay cash, it just mitigates the advantages of having the credit cards in the first place with the points and all. I will just get rid of my credit cards.

Just very annoying. Is anyone else seeing a dramatic increase on these? Are you using your debit cards more instead?

You can not be this dumb

Yes Tarriffs
Yes Republicans
Yes oligarchs
Yes CEOS
Yes Project 2025


Fixed it for you now find your brain cells this is not hard .

How do you explain the credit card fees when Biden was in office? You can’t be so dumb to blame everything on Trump.

Agreed, big Trump-hater here, but these things, while awful and horrible for the economy, have nothing to do with merchants charging credit card fees.

[Anonymous]

Start carrying your checkbook around like your mom did!

[Anonymous]

Anonymous wrote:I just use cash anytime they try to charge fees or give cash discounts. Carry more cash.

This. I do many more cash transactions these days. It’s fine.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I mean isn't there a big cost associated with accepting cash? Having to hire Brinks trucks and deal with the cash?

Yeah it's a bluff.
They don't want cash, and they know you don't want cash, but they want to charge more money.

No, they are charged the 3% fees (or close to it) and simply passing on the costs to the consumer. Other choice is they raise costs for everyone, even those paying cash.

[Anonymous]

Anonymous wrote:This seems quite reasonable to me. If you're a small business with, for example, a 5% profit margin, that 3.5 percent credit card fee is destroying your profits.

You could raise prices across the board or just charge people for the fees they are incurring you.

+1

Exactly what they are doing. And that's also the reason many only take MC/Visa and NOT Amex, because Amex fees are typically higher compared to MC/Visa. So many small businesses refuse to take Amex (don't blame them).

[Anonymous]

Anonymous wrote:This seems quite reasonable to me. If you're a small business with, for example, a 5% profit margin, that 3.5 percent credit card fee is destroying your profits.

You could raise prices across the board or just charge people for the fees they are incurring you.

But the fee was always there. The poor lil small buddniss problem is the profit margin.

[Anonymous]

Anonymous wrote:I mean isn't there a big cost associated with accepting cash? Having to hire Brinks trucks and deal with the cash?

They are betting that people will just pony up the fee and/or hope that underreporting the cash income will off set the expenses of dealing with cash.

[Anonymous]

I actually don’t trust cash only businesses and will often go elsewhere. I’m convinced they’re running tax scams or money laundering.