LATEST

EDITORIAL – Attention businesses – the buck stops with you on credit card fees

(Image: Pixabay.com)

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.

Read More >>

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 mrothenburger@armchairmayor.ca.

About Mel Rothenburger (9224 Articles)
ArmchairMayor.ca is a forum about Kamloops and the world. It has more than one million views. Mel Rothenburger is the former Editor of The Daily News in Kamloops, B.C. (retiring in 2012), and past mayor of Kamloops (1999-2005). At ArmchairMayor.ca he is the publisher, editor, news editor, city editor, reporter, webmaster, and just about anything else you can think of. He is grateful for the contributions of several local columnists. This blog doesn't require a subscription but gratefully accepts donations to help defray costs.

1 Comment on EDITORIAL – Attention businesses – the buck stops with you on credit card fees

  1. 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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: