yeah, I saw in the news yesterday that small businesses are starting to revolt and are asking for gov't intervention. I think if a retailer accepts credit cards, they simply need to tack on the expense and offer alternate payment options. And if they need to explain that if you return an item bought on CC, you won't be refunded those fees either. The more they educate the public, they more the public will understand that its their choice to use a CC and that it comes with fees that are out of the retailers control.
If you go out to dinner and you see an extra $3 on the bill for using a CC, then at least you see it and understand it and can then make the educated decision on what payment method you want to keep using.
But the reality is, there are fees for cash too - but I'd imagine most businesses would accept that because those fees (your time and coin fees) can be covered by pocketing the odd sale and not paying taxes on it (not that that's legal). Thankfully this is a non-cash business and I am never tempted. But you just know that many people abuse the hell out of that...
I'm just thinking though, certain businesses that are high paced would lose money trying to accept e-transfers that would slow the lines down (like McDonalds or a busy ice cream shop in touristy places). Other businesses like sit-down restaurants and such wouldn't probably lose anything with e-transfers.
Anyone know what debit card fees are? I might use mine if I knew I was being charged CC fees and could lower my bill by paying debit. I guess that's the real solution presuming the prices are cheaper, to have retailers convince you to use your debit card instead.
In theory, using your debit card should have more prestige than using a CC. Using a debit card says, hey, I don't need a loan, I have the cash in my bank account. If CC's don't back off on their fees, they could force people to only use CC if they really NEED to because of cash flow problems.
Then again, CC's do add some other benefits, like extended warranties, purchase protection, rewards programs, car and medical insurance when travelling, etc. So I can see that some people might not mind the fees to some extent. I know I'm going to Kauai in 2 weeks and it only cost me $300 in taxes for a pair of tickets. I have so many airmiles that I rarely pay for flights, and if I do, its only because it was a better connection or direct flight. I travel a lot and have only paid for airfare a couple of times in the past 20 years.
But in the end, I think its best if CC fees were transparent and passed on directly to consumers, let them make the choice and not have retailers be bullied around.