Surcharges for credit card charges now legal

SALT LAKE CITY (ABC 4 News) - You may want to look at your receipt much closely if you use a credit card.

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CCurtis - 1/29/2013 12:06 AM
0 Votes
I hate auto-correct! Lol!

CCurtis - 1/28/2013 10:51 PM
0 Votes
I hate auto-correct! Lol!

CCurtis - 1/28/2013 10:48 PM
0 Votes
First, I'm a small business owner that has to charge cheaper prices than the larger companies to get customers. Because my business helps a specific commercial industry in emergency situations and clients are travelers from all over North America, it doesn't male sense for me to take checks other than traveler's checks. Some of our services can cost up to $2000 or more but the supplies cost $1500 of that $2K and the other $500 is 5-10 hours in dangerous conditions. Most people don't carry that kind of cash around which means they want to pay with a credit card. My credit card network charges me 3%. For $2K, that's $60 . You're trying to tell me that I shouldn't charge that to the customer? I guess you're right, I won't charge them the $60 but will start charging a rate closer to the larger store rate which would put those same supplies at $2K (because they charge a markup that I don't) and the service charge would now be about $750 - 1000. Sounds fair. I'd make more money by absorbing the credit card fee but my conscience wouldn't be clear. Your desk reporter should know all the facts before she says that companies who want to charge this fee are "rip-offs". Utah is full of small businesses who have to keep products and services cheaper to compete with the larger national chains so they can't just absorb those fees because caring a card is more convenient. I use credit cards too. I realize it's just the price I have to pay for the convenience.
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