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Money and Finances
Reply to "Credit Card Transaction Fees"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes. The reason is there was a change in teh rules a few years ago, so merchants were allowed to impose a card surcharge. Used to be they could only offer a cash discount off listed price. Went to dinner at a restaurant in Great Falls (the Italian place... Roberto's?) and ran up a bill of a few hundred. Between my father and I, we always carry a decent amount of cash, so we paid in cash to avoid the surcharge. Mostly to force them to deal with cash since they seem to be "encouraging" it by charging the surcharge on card. Now someone has to run hundreds of dollars up to the bank the next day, and hope the cahs doesnt disappear in the process.[/quote] Right! Cash isn’t free to deal with. Brinks trucks aren’t cheap. I like the credit card rewards![/quote] Yeah, I'm sure you do, but that's the problem for the merchant. 2-3% per transaction adds up fast even compared to brinks trucks. [/quote]
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