Credit Card Fees Now Everywhere!

[Anonymous]

Anonymous wrote:We should pay in pennies.

The penny died yesterday. It was 232 years old.

[Anonymous]

Anonymous wrote:

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.

The CC fees have gotten a lot higher, and a few years ago there was a SCOTUS ruling that allowed merchants to add a fee to cover it. Before that they were bound by the credit card agreements not to add their own fee.

https://www.lawpay.com/about/blog/credit-card-surcharge-rules/

[Anonymous]

Anonymous wrote:

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.

Because once businesses realized that customers were willing to pay the fees, it caught on and it is “now everywhere.”

It’s similar to the Covid fees. when restaurants decided to start charging Covid fees, and customers willingly accepted it willingly pay them, it caught on, and some have never let them go because customers are still willing to pay them. When the customer Fights back with their wallet that is when these fees will go away

[Anonymous]

Anonymous wrote:

Anonymous wrote:We should pay in pennies.

The penny died yesterday. It was 232 years old.

Good - almost every other country fixed this years ago

[Anonymous]

Anonymous wrote:

Anonymous wrote:We should pay in pennies.

The penny died yesterday. It was 232 years old.

More of a reason to get rid of them now. All change too.

[Anonymous]

they should outlaw fees they need to bake it into the price, resturants or scammers they want things to look low untilt he bill comes up get rid of tipping too

[Anonymous]

I had a design build team try this with me for a kitchen renovation, even if I sent a wire. When I asked about checks they said, well I guess no fee for checks but we will have to hold it for a few days for it to clear. My response was that’s fine. So I paid every single requisition by check.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

The CC fees have gotten a lot higher, and a few years ago there was a SCOTUS ruling that allowed merchants to add a fee to cover it. Before that they were bound by the credit card agreements not to add their own fee.

https://www.lawpay.com/about/blog/credit-card-surcharge-rules/

Thank you very much for this answer.

[Anonymous]

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?

It's not clear - are you aware that these fees have always existed? Like even prior to 2000! My dad was a small businessman. In the 1970s and 80s, people would pay with checks and they might bounce... and he'd either be out the money or have to invest the time & effort to hound the customer to "pay up." (And it was a struggle on him to deal with those deadbeats.) So when credit cards became more widely used in the 90s, he was happy to pay the 3% fee because it was sanity to him.

I was just in Southern California and nearly every transaction had a 3-4% surcharge on it, even if I paid in cash. The line on the receipts usually referred to the "rising cost of business."

PS, I try to pay in cash when I shop at small businesses. It is kind of a pain, but I don't mind because I know how much penny counted when my dad was in his first 10 years. I also don't get bummed out by "missed points." I have never even considered that aspect.

[Anonymous]

Anonymous wrote:Start carrying your checkbook around like your mom did!

I was about to say, do they want me to dig out my checkbook? I'm old enough to remember paying by check at the grocery store, and you'd have to show them an ID. It seemed to take forever, compared to tapping your card now.

I was just at a Bethesda restaurant last night where the bill showed two prices, one with cash, one with credit. I don't remember seeing that before.

[Anonymous]

I was just in Southern California and nearly every transaction had a 3-4% surcharge on it, even if I paid in cash. The line on the receipts usually referred to the "rising cost of business."

I hope they declared it beforehand? I'm fine to pay by check or cash if I'm on notice, but would be pissed if they advertise one price and then added this at the end.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Start carrying your checkbook around like your mom did!

I was about to say, do they want me to dig out my checkbook? I'm old enough to remember paying by check at the grocery store, and you'd have to show them an ID. It seemed to take forever, compared to tapping your card now.

I was just at a Bethesda restaurant last night where the bill showed two prices, one with cash, one with credit. I don't remember seeing that before.

Come on, you understand the difference between a debit card and credit card, right?

[Anonymous]

Yes, they're passing along the 3% fee for using credit cards, and banks are charging fees for ACH wires, to *and* from accounts. So far, the fee has been "waived" when I've received a wire, but the bank is just putting me on notice.

[Anonymous]

Anonymous wrote:I'm pp and we have tons of cc points. Just booked a 5-star hotel in NYC on them.

When a merchant charges 3%+ fee for using a credit card, it doesn’t make sense to do it for the CC points. CC points have an average value of 1 - 2 cents per point.

[Anonymous]

Here's a thread on this topic started in March. It's really gathered steam with several news articles on it now though.

https://www.dcurbanmom.com/jforum/posts/list/1264050.page