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Money and Finances
Reply to "Credit Card Transaction Fees"
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[quote=Anonymous][quote=Anonymous]It's a PR play by the businesses. The fees have always been there, and the businesses have priced them in, but now they can break them out so they can keep their posted prices lower and blame the banks/card networks for the add-on. [/quote] 1. The fees have gone up over time, specifically for premium cards which now make up majority of spend. 2. Per the old credit card issuer terms, they couldn't break out the fees or charge a markup. The SCOTUS ruling in 2017 outlawed that restriction, so things have been slowly shifting since then.[/quote]
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