Surcharge on Credit Card transactions
http://news.ca.msn.com/top-stories/a...rd-fee-is-here
This is the first that I heard of this, and it is off of MSN...but it raises an interesting concept for me.
It appears to be American, so it will only effect those who shop over the border for now, and only at retailers that choose to do it.
So, if you were shopping, and you slapped down the plastic, if there was a surcharge on your purchase, what would you do?
Would you pay it.....or would you pass on it?
I know that for me, there is NO WAY IN HECK that I would pay a surcharge.
The interest rates on credit cards are high enough, and VISA and MasterCard are not hurting in their wallets, the cost of products is high enough, and retailers should already have these fees built into their prices because it is a cost of doing business. I will not pay more for things I need.
The difference between actual cost of a product and what the retailer charges is a huge difference. I will not pay more.