Americans Forced To Pay 3% More Using Credit Cards

Americans Forced To Pay 3% More Using Credit Cards

July 28, 2012

Retailers Ready To Force Consumers To Pay ‘Swipe Fee’ For Using Plastic
newyork.cbslocal.com
Every time you use your credit card, the store pays up to 3 percent of your total purchase to the credit card company. It’s called a “swipe fee” and now some fed-up retailers are getting ready to pass this cost on to you, in the form of a surcharge.

While others want to reward you for paying with cash.

Paper or plastic? It’s a simple choice, but it’s about to get a lot more complicated, CBS 2’s Emily Smith reported.

“You’re going to start to see retailers really weighing what they’re going to charge consumers for using a credit card,” said Kelli Grant of Smart Money magazine.

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