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submitted 14 hours ago* (last edited 14 hours ago) by MacNCheezus@lemmy.today to c/microblogmemes@lemmy.world
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[-] BMTea@lemmy.world 0 points 4 hours ago

No, we had a flat annual fee for usage. There was a fee for withdrawing cash but no making purchases.

[-] piccolo@sh.itjust.works 1 points 3 hours ago

Credit cards companies have a merchant fee, ussually around 2%.

[-] BMTea@lemmy.world 1 points 3 hours ago

It was illegal for vendors to charge a fee for card purchases, so if that was the case then they maybe just raised their prices.

[-] piccolo@sh.itjust.works 1 points 3 hours ago

Iirc, surcharging is only illegal in 4 states. However, theres a loop hole in thise states, giving a discount on cash purchases arent considered a surcharge...

[-] MirthfulAlembic@lemmy.world 1 points 3 hours ago

The merchant is charged the fee, not you directly as the cardholder. It's already figured into the price if they accept cards.

this post was submitted on 16 Nov 2024
633 points (98.8% liked)

Microblog Memes

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