Money & Investing Learn how to get rich on the housing bubble and the bull market…

Credit Card Surcharge

Thread Tools
 
Old 06-08-2016, 02:02 PM
  #1  
Needs more Lemon Pledge
Thread Starter
 
stogie1020's Avatar
 
Join Date: Mar 2005
Location: Phoenix, AZ
Age: 51
Posts: 52,768
Received 2,000 Likes on 1,173 Posts
Credit Card Surcharge

Anyone else noticing lot's of places are starting to impose a 1%-3% surcharge for using a credit card?

I find that a lot of the vendors I use for business are starting to impose this.

My marketing/advertising firm, my insurance, several software vendors.

It's really frustrating as CC payment is the easiest to track internally, least costly for accounting/bookkeeping to record, and the convenience of not having to log into my bank website to do a "bill pay" for a one-off check is nice.

Getting 2% back on a card seems not worth it if merchants are charging me 2% to use the damn thing... I wish they would just raise their prices 2%!
Old 06-08-2016, 05:26 PM
  #2  
Team Owner
 
doopstr's Avatar
 
Join Date: Jan 2001
Location: Jersey
Age: 52
Posts: 25,328
Received 2,045 Likes on 1,134 Posts
It really grinds my sack when I get charged a convenience fee for buying tickets or renewing anything at the DMV.
Old 06-08-2016, 10:39 PM
  #3  
Race Director
 
nfnsquared's Avatar
 
Join Date: Dec 2003
Location: MAGA country
Posts: 12,474
Received 1,793 Likes on 1,346 Posts
no
Old 06-09-2016, 03:10 AM
  #4  
Safety Car
 
Rapture's Avatar
 
Join Date: Feb 2009
Posts: 4,428
Received 214 Likes on 143 Posts
Interesting. I always thought it was illegal for merchants to do that.

I wish it was illegal

Although I've never encountered too many places that impose a surcharge, I have encountered plenty of places that "accept" a credit card yet discourage it.
Old 06-09-2016, 06:48 AM
  #5  
Chapter Leader
(Northeast Florida)
iTrader: (1)
 
gatrhumpy's Avatar
 
Join Date: Jun 2004
Age: 44
Posts: 35,532
Received 1,651 Likes on 1,116 Posts
Freakin' DMV is notorious for this. I hate that.
Old 06-10-2016, 06:35 PM
  #6  
Team Owner
 
doopstr's Avatar
 
Join Date: Jan 2001
Location: Jersey
Age: 52
Posts: 25,328
Received 2,045 Likes on 1,134 Posts
Originally Posted by Rapture
Interesting. I always thought it was illegal for merchants to do that.

I wish it was illegal

Although I've never encountered too many places that impose a surcharge, I have encountered plenty of places that "accept" a credit card yet discourage it.
It used to be against the merchant agreement. Visa got sued and lost so now it's the wild west.
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Abe_Froman
Money & Investing
116
10-23-2017 01:50 PM



Quick Reply: Credit Card Surcharge



All times are GMT -5. The time now is 09:35 PM.