Credit card surcharge

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

http://www.kiplinger.com/article/cre...surcharge.html

Looks like it will be difficult to do because of the rules that need to be met. Has anyone seen is used yet ?

[Presley Senior Member Find all posts View Profile Close Presley]

In the last couple years, we've raised our prices twice to compensate for increased credit card useage. When this first showed up on the news, I thought it was a very fair. After some thought, rather than punish the credit card people, I decided to give a discount when paying by cash or check.
I think the credit card surcharge is reasonable and I won't have a problem with any merchants who use it.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

Most retailers price in the cost of credit card processing to the retail price. Some have a different price for cash, including several gas stations in our area. I mostly use a credit card for gas, so I avoid the sometimes lower cash price gas stations. Checks bouncing and cash on hand can also be a problem.

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

This has been the rule in Europe for a long time. Most airlines, legacy as well as LCC charge for use of a credit card.

[JWC Super Moderator Find all posts View Profile Close JWC]

It is interesting that California is one of the states where it is illegal. However if you pay your property taxes with a credit card, they do charge a surcharge.

[mshatty Super Moderator Find all posts View Profile Close mshatty]

I am president of my HOA where I live. We do not accepted credit cards or debit cards because of the cost to use them. The 3 to 4% fee to use a credit card would make our budget short by that amount. Unfortunately, Texas bans these add on surcharges. It would be nice to be able to charge it for the convenience of our homeowners.