Credit Card Fees See Boost
ATLANTA (WAOK) – The next time you say “charge it” you could be hit with a hefty surcharge by the merchant. New credit card fees are now in effect under terms of a seven-point-two-billion dollar deal between card companies and businesses. Those merchants can now add a fee on top of the purchase price for those paying with credit. Exactly how much the merchant might charge is up to them but it could be up to four-percent of the purchase price. It’s expected the number of businesses that will take advantage of the fee will be small at first. The fee does not apply to those using a debit card for purchases.