Credit Card Surcharges

[Rexedgar]

Is anyone else running into businesses charging an ‘add on’ percent to cover the business merchant fees per CC transaction. I was in business a few times and=t the rate I remember was from 1.6-ish to 2.7-ish. AMEX was always higher. I thought I remember in our contract with. The banks that we were not allowed to pass on the fees. Anyone in a retail us iness have any insight as to what has changed?

Tangent, the last business was a full service garage with body and mechanical services offered. When an insurance company was paying the customer by check, they often tried to use a CC to get the miles or points. These were usually large ticket items and we refused to let them get their rewards at our expense.

 

[mike2810]

When I had my heat pump replaced and was getting bids the rep stated the price would be 2% lower if paid by cash or check. The 2% was to cover the credit card fee they are charged.

I also found that to be true with some of small business trades (plumbing/electrical). They give a 1-2% discount for cash/check.

 

[Rickeroo]

My local pizza place has a sign that says "3% extra charge for credit cards".

 

[Crovax]

It's seems to be common place these days.

 

[gdgyva]

Is anyone else running into businesses charging an ‘add on’ percent to cover the business merchant fees per CC transaction. I was in business a few times and=t the rate I remember was from 1.6-ish to 2.7-ish. AMEX was always higher. I thought I remember in our contract with. The banks that we were not allowed to pass on the fees. Anyone in a retail us iness have any insight as to what has changed?

Tangent, the last business was a full service garage with body and mechanical services offered. When an insurance company was paying the customer by check, they often tried to use a CC to get the miles or points. These were usually large ticket items and we refused to let them get their rewards at our expense.

cash, checks, and debits cards are no add ons

you use amex or mileage cards, and i add on a 2% fee to cover the charges i pay

those are listed on my website, in the paperwork you sign coming in as a customer, and right at the front desk in big bold letters

never had an issue with the customers balking.....