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Charging for credit card use

By Terry Savage on May 20, 2023 | Credit/Debt

Can/ should businesses be charging the consumer their charge amt on debit/ credit cards ?

Terry Says

Many businesses increase the price or put on a surcharge to cover the credit card “exchange fees” they are charged by the card associations. Or conversely, they may offer a discount for “cash or check.” This is perfectly legal. Card fees typically cost about 3% of the amount charged.



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