Reply to Credit Card Fees passed through from merchant

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[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]

I hate it and I’m known at my kids’ soccer club for dropping off checks because their platform charges % fees for both credit cards and bank transfers. But it doesn’t make sense to have a flat fee for credit card transactions. For those of us who pay off credit cards immediately, the fees are annoying. But the credit card companies’ risk depends on the amount of the transaction - it’s riskier for them to lend $10k than $5, so that is the fee.

Can you use a debit card? There shouldn’t be a fee because you are not borrowing money. And I believe it is illegal to charge fees on debit cards but I could be wrong there.[/quote]

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