Comment Charge extra fees for high percentage cards (Score 1) 105
Seems that years ago the courts ruled that CC companies' demands that retailers hide CC fees in their prices to all customers were illegal, and retailers can and should charge a separate fee depending on the credit card's fee level. In my opinion prices should reflect the cash price and then at the till, the buyer pays the entire CC fee. I'm sure the CC companies don't make it easy for a retailer to find out what the fee is before the transaction is run, though, which needs to change.
I use a credit card to make business purchases and most of the business vendors I buy from do implement variable fees, and have for years. For my card with the highest fee, I typically get charged around 3%. The reasons for using a CC card with high fees is that its a way of getting a bit of tax-free travel out of the business. In the US the IRS ruled years ago such rewards are not taxable. In other jurisdictions they certainly can be.
Of course for personal CC cards the rewards wouldn't make a lot of sense when you, the buyer, pay for them! It's quite a racket these companies have had going for a long time.