More small businesses are charging customers a "convenience fee" for using a credit card. The fee ranges anywhere from 2% to 3.5%. I understand since merchants pay a fee to the credit card company, but I'm not a fan of paying additional fees over the cost of the product or service.
Nowadays, I check what payments are accepted and if there is a fee for using a credit card. If there is a fee, I will pay by check. I don't mind doing so.
However, most large retailers still accept credit cards with no additional fee. I expect the additional fee is worth the cost of bringing in buying customers. I continue to use a credit card with these merchants.
For more on New Beginnings, check back every Sunday for a new segment.
This is not financial nor credit card advice. Please consult a professional advisor.
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