Comment by JKCalhoun
16 days ago
In Germany I saw they charged extra for using my credit card. A U.S. retailer told me the credit card companies won't allow that in the U.S.?
16 days ago
In Germany I saw they charged extra for using my credit card. A U.S. retailer told me the credit card companies won't allow that in the U.S.?
They charge you extra, they just make it invisible. The store has to pay the fees and it causes prices to go up for everyone to cover them.
> A U.S. retailer told me the credit card companies won't allow that in the U.S.?
That used to be the case, but it's not current. Merchants can charge a credit card fee, and many do. Many merchants near me (washington state) don't, but those that do add a fixed fee of 1-3% for credit.
They can't make it an explicit line item of "3% surcharge" or whatever. Instead, the business will raise prices across the board and offer a "cash discount" of 3%