Retailers are now allowed to charge up to 4% of the purchasing priceFargo, ND (WDAY TV) -- The next time you whip out your credit card, you might want to think twice about swiping it. Retailers are now allowed to charge customers up to four percent of their purchasing price.
By: Andrea Hubbell, WDAY, WDAY
Fargo, ND (WDAY TV) -- The next time you whip out your credit card, you might want to think twice about swiping it. Retailers are now allowed to charge customers up to four percent of their purchasing price.
Gail: "If you look good you usually do good and then you feel good."
For Gail, style and staying on top is important.
Gail: "Think it's very important to keep on top of trends and to keep yourself modern."
And at a salon like this one, trends, are the talk of the shop. The latest? the new credit surcharge.
GAIL/Salon customer: "I think it's exploiting the customer."
Visa and MasterCard cut a deal, allowing retailers to charge between 1 point 5 and four percent of each purchase. That means, a 200 dollar salon visit could potentially cost you an extra eight bucks.
Lisa Despiegler: "Thank you, have a good day."
Customer: "You too."
Merchants from salons, or shopping centers can choose to impose the fee or not. This shopper collects frequent flyer miles using her card, but says it might not be worth it anymore.
Shopper: "I'll probably be spending the 4-500 dollars that I would get back in cost because of the 4 percent tax."
For those who try to stay away from credit cards all together, they say the fee is just too much.
Lance/Shopper: "If I can stay away from it, I'll ...
Local businesses aren't thrilled over the idea either.
Lisa Despiegler/Hair Success: "I don't think that's right to imposed that fee on the customer."
And thinks it won't be easy for consumers to make the change either. For Gail, staying on top is important. But she's looking to stay away from this trend.
Gail: "It's gouging the consumer, and people may have to sit back and think, ya know what? We might have to find out other ways of doing things."
The new fee does not have an affect on debit cards.