BBB warns of new credit card transaction fees - Fox 28: South Bend, Elkhart IN News, Weather, Sports

BBB warns of new credit card transaction fees


The Better Business Bureau of Western Michigan is urging you to be ready to pay in cash anywhere you go.

A ruling from last July goes into effect this week that allows businesses to pass on credit card transaction fees to customers.  The charges, ranging from 1.5% to 4%, will be applied directly to your bill.

The change affects Michigan and 39 other states.  Indiana already has rules in effect that allow business to pass on transaction fees.  Businesses must clearly display that they add the credit card transaction charge both in the store and on your bill. 

The fees do not apply to debit and pre-paid cards.  The BBB recommends that you be prepared to pay by one of these alternative means, or with cash, if you want to avoid the fee. 

The BBB have recommended using credit cards because of the protections they offer consumers against theft and unauthorized use.  They say you will have to judge yourself whether these protections are worth the fee.

Powered by WorldNow

Fox 28

58096 County Road 7, South
Elkhart, IN 46517

Switchboard: 574.679.9758
News Phone: 574.679.4545
Station Fax: 574.294.1267

All content ©Copyright 2000 - 2014 WorldNow and WSJV. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Heather Stewart at (574) 343-5310. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at