Monday, May 20, 2013
KOKUA LINE
Retail merchants not likely to charge credit card fees
POSTED: 01:30 a.m. HST, Feb 04, 2013
~~<p><strong>Question</strong>: Effective Jan. 28, a new credit card fee supposedly started popping up in 40 states. It’s not like all the merchants are charging this fee, but I’d like to get more information. I understand the fees will range between 1.4 and 4 percent for people using Visa or MasterCard. Can you tell us more?</p>
<p><strong>Answer</strong>: From reports nationally, it doesn’t appear many merchants have started imposing or will impose the fees for fear of driving away customers.</p>
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Question: Effective Jan. 28, a new credit card fee supposedly started popping up in 40 states. It’s not like all the merchants are charging this fee, but I’d like to get more information. I understand the fees will range between 1.4 and 4 percent for people using Visa or MasterCard. Can you tell us more?
Answer: From reports nationally, it doesn’t appear many merchants have started imposing or will impose the fees for fear of driving away customers. Login for more...
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