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The Water Cooler
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Credit card "tax"
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<blockquote data-quote="Dorkus" data-source="post: 4065568" data-attributes="member: 47598"><p>The misses and I were talking the other day how some businesses are now putting a fee on top of credit card payments. Buds has always done it but now we are talking local stores and services in our area. I remember back in college I was told this was against the credit card agreements to do so, yet that was in the 80s so maybe it has changed. </p><p></p><p>I get why they are doing it, yet the purpose of a credit card is guaranteed payment and more security for the seller and buyer. Seems like a short sighted business plan but my concern this may be a growing trend based on what I am seeing. </p><p></p><p>I will be honest, this makes a difference at where I shop and won't pay that fee out of principal. Anyone else have a thought on it?</p></blockquote><p></p>
[QUOTE="Dorkus, post: 4065568, member: 47598"] The misses and I were talking the other day how some businesses are now putting a fee on top of credit card payments. Buds has always done it but now we are talking local stores and services in our area. I remember back in college I was told this was against the credit card agreements to do so, yet that was in the 80s so maybe it has changed. I get why they are doing it, yet the purpose of a credit card is guaranteed payment and more security for the seller and buyer. Seems like a short sighted business plan but my concern this may be a growing trend based on what I am seeing. I will be honest, this makes a difference at where I shop and won't pay that fee out of principal. Anyone else have a thought on it? [/QUOTE]
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