EDITORIAL – Attention businesses – the buck stops with you on credit card fees
An editorial by Mel Rothenburger.
PASSING THROUGH THE CHECKOUT the other day, I asked the cashier if the store had implemented the new credit card interchange fees.
“Not yet,” she said. “And I hope we never do.”
But some, or many, stores will. Those fees could go as high as 2.4 per cent. This is to help merchants get around the problem of having to pay fees to the credit card companies for the privilege of accepting plastic.
It’s not about making money, they say, it’s about recovering a cost.
I’m calling BS on that one.
Mel Rothenburger is a former mayor of Kamloops and a retired newspaper editor. He is a regular contributor to CFJC Today, publishes the ArmchairMayor.ca opinion website, and is a director on the Thompson-Nicola Regional District board. He can be reached at email@example.com.
I remember when a service charge for Debit/Interac was common especially when it started becoming more wide spread. I don’t see it as much anymore. But I still run into the odd small ma and pa type place that still charges it