Reply to PSA — forged check wiped out my checking account

Forum Index » Money and Finances

Reply to "PSA — forged check wiped out my checking account"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]
Our local church preschool is now adding a service fee to CC payments so the only options are check or CC. I refuse to pay an additional 4% (more than any cash back I would make on my CC anyways) so checks it is. Everything else we use CC or cash. [/quote]

My dentist is doing this now. Really infuriates me.[/quote]

Why?  You expect small businesses, to eat up the 3.5% service fees that the credit card companies charge them to process CC's.   This can be a huge amount of money that they could get charged. And in many cases, they can't make that back by raising prices.  Insurance companies limit the amount that they can get reimbursed for services.  And it's hard to them to pass on the cost differential between what they need to cover overhead, costs ad staffing, and what the insurance companies reimburse them for.  So they end up between a rock and a hard place.   They can't afford to operate at a loss and if they push too many fees back to the patients, then they lose patients.  So, it's hard to raise the overage costs that get passed back to customers.  Transparency in CC vs check/cash fees help them keep the surcharges over insurance down.  Then patients can make the decision whether they'd rather pay with check or pay the surcharge.  If they raise the costs across the board, then everyone pays the higher rates, rather than just the ones that want to use CC.

I'd rather pay a lower fee by check than to pay a higher fee just because other people want to use a CC.  If I want, I can always opt to pay the CC surcharge.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics