Reply to Credit Card Fees passed through from merchant

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I get that the merchant faces processing fees and prefers a check. When I can, I write a check. I still have checks.
But how do they justify charging as a PERCENT? It should be a flat transaction fee! So the more I spend, the more it costs them to process my credit card? We tried to buy online tickets for a charity gala, and of course they don't want credit card fees to offset their fundraising, but as we clicked up to "platinum table tickets" or whatever, the fees for the tickets went up to like $250! Guess who didn't buy charity tickets. [/quote]
Because they get charged 3% of the charge. [/quote]

okay, so there are so many people saying the merchants are just passing along their charges. THIS ISN"T TRUE. merchants aren't charged that much. A few years ago, the fees were reduced and the merchants never lowered their fees when "passing them on." They kept the higher amount to charge customers. They are making money off the fees they are charging you.

Keep in mind that with credit cards, merchants are guaranteed the money. If the customer doesn't pay the credit card bill, the bank eats that cost. If there's fraud, the bank eats that cost. If you pay by check, and there's no money, the merchant eats that cost. So, merchants should NOT be passing any of those fees to you - they are guaranteed money if you pay by credit card. Something they should pay for. [/quote]

Have you ever heard of a chargeback? The bank does not eat that cost. [/quote]

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