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Money and Finances
Reply to "Credit Card Fees Now Everywhere!"
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[quote=Anonymous][quote=Anonymous][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] But the fee was always there. The poor lil small buddniss problem is the profit margin. [/quote] 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/ [/quote] Thank you very much for this answer. [/quote]
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