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Reply to "Credit Card Fees passed through from merchant"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Credit card fees for vendors usually include a flat fee and a percentage of the sale.[/quote] This. They are only passing on the fee that they pay. Your issue is with the credit card companies, not the vendor. [/quote] NP here. But this used to be considered the standard part of doing business as an accounting/admin fee and was not passed on to the customer. The only vendor that did this when I was growing up was the gas station (separate price for cash vs credit). I saw very few vendors doing this precovid (usually very small businesses), but since Covid it has become standard to charge the consumer. Now there are charges for wire transfers or electronic checks which is insane. I did a recent 6 figure kitchen renovation, and the design/build company wanted 3% for credit card or 2% for wire transfer so I pay every single bill with an old school check. They initially gave me heat over it so I threatened not to sign the contract. I recently paid for my kid’s travel sport with a check after that club started tacking on this 3% fee with a disclosure in tiny writing that it was for credit card, data security and other admin charges. I refused to pay it. Was like those restaurant fees in DC. [/quote] I like the security afforded with a credit card, I want fewer people to have my checking account number, since fraud in banking accounts is a way way bigger pain. [/quote] This. We've all learned that even with debit it's a link to your actual money and it can be wiped out just like that. Is this not still the case? I charge things and pay off my card each month but I'll be damned if I'm going to pay 3% on top of everything else right now. [/quote]
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