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[quote=Anonymous]When the law changed to allow retailers to add a processing fee lots of my customers switched to paying by check, seeing an extra $450 on a $15,000 bill was a surprise but it was a fee I had been paying for decades so they could get their JetBlue miles or whatever points Allowing retailers to add back the processing fee also curbed a lot abuses by processors. At the end of the month I never really knew how much was going to be clawed back, if someone had a blue AMEX or an MCI world card sometimes I would wind up paying in the 7% range which would eat up huge amounts of my profit, now by allowing the pass-through Everyone has straightened up with a flat 2.5, 2.8 or 3% fee. Some of you might be thinking, why don’t you just raise your prices by 3%, my business is hyper competitive and I lose customers if my prices are even 50 bucks more than a competitor.[/quote]
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