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Money and Finances
Reply to "Credit Card Fees Now Everywhere!"
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[quote=Anonymous][quote=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.[/quote] +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). [/quote]
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