Glen Ellyn Shoppers — Watch Out for Added Credit Card 'Checkout Fee'
If you shop with a credit card, merchants and retailers can now charge you a 4 percent "checkout" fee in 40 states, including Illinois.
Credit Card Processing Fees
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Monday, February 4, 2013
Sunday, February 3, 2013
Glen Ellyn Shoppers — Watch Out for Added Credit Card 'Checkout Fee'
If you shop with a credit card, merchants and retailers can now charge you a 4 percent "checkout" fee in 40 states, including Illinois.
Glen Ellyn shoppers, beware: As of Sunday, anyone who pays with a credit card may be charged a new 4 percent added "checkout fee." The fee is legal in 40 states, including Illinois. The fee is the result of a settlement announced last summer between credit card companies and major banks to "fix credit card processing fees with merchants." Retailers can now charge credit card users 1.5 percent to 4 percent of their total bill to cover processing costs to credit card companies. Read more about the 4 percent "checkout fee" for credit card users from International Business Times.
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Marilyn
9:32 am on Monday, February 4, 2013
Can Patch do a survey of local retailers to see who, if any, will be charging? And at what percent? That would be a great public service. more ›