Merchant Convenience Fees – What is Allowed and What is Not
A recent trip to a local doughnut shop in Thousand Oaks, California revealed a disturbing sight: a bright yellow sign stating, “A fee of $.50 for every debit or credit card sale”. Being completely appalled by either ignorance of the law or complete dismissal of their merchant account agreement, I decided to write an article for merchants deciphering what fees they are able to charge customers and what practices could have their merchant account terminated.
You should be careful if you have a credit card and often use it for any type of purchasing. It is because the credit card might end up with bad credit where you will get difficulties to pay the bill.