(06-11-2019 02:02 PM)7 Wrote:  

(06-11-2019 05:54 AM)Dtownboys Wrote:  

(06-11-2019 05:40 AM)NIU75 Wrote:  

(06-11-2019 12:39 AM)Dtownboys Wrote:  

(06-10-2019 11:03 PM)NIU75 Wrote:  Make sure you check your restaurant bill. All the DeKalb restaurants now have an automatic upcharge for using credit cards in the range around 4%. They will remove the charge if you pay in cash and ask them to remove the charge. I forgot what they call it but check your bill

Not true. There are a couple that used to do this but I haven’t see it in a long time. What places are you referring to?

I was at Rosita's last week and they listed the upcharge on my itemized bill.

Ok. Haven’t noticed that one but usually pay cash there. Not many other places do this though, if any. Card companies don’t want restaurants doing it either. Thanks for sharing.

I would be willing to bet most businesses, especially small ones, will be doing it sooner rather than later.

I guess I'll have to keep an eye out for that. 4% is a lot.

They/re recouping the CC company charges.

What if you use a debit card?

(06-11-2019 04:42 PM)NIUSAE Wrote:  They/re recouping the CC company charges.

Which is more likely than not a breach of their agreement with the CC company.

(06-11-2019 04:42 PM)NIUSAE Wrote:  They/re recouping the CC company charges.

Sounds like Las Vegas. The Concession and Franchise Fee on the Strip is a new deplorable charge at restaurant and bar venues to ding customers for more money also known as the CNF. The CNF charge gouges customers 4.7% on every check. Most customers don't even know about the charge until they get their bill. Bottom line, you are paying 4.7% to sit in a restaurant.

(06-11-2019 07:27 PM)NIUHuskie4life Wrote:  

(06-11-2019 04:42 PM)NIUSAE Wrote:  They/re recouping the CC company charges.

Which is more likely than not a breach of their agreement with the CC company.

Exactly.

(06-11-2019 08:29 PM)NIU75 Wrote:  

(06-11-2019 04:42 PM)NIUSAE Wrote:  They/re recouping the CC company charges.

Sounds like Las Vegas. The Concession and Franchise Fee on the Strip is a new deplorable charge at restaurant and bar venues to ding customers for more money also known as the CNF. The CNF charge gouges customers 4.7% on every check. Most customers don't even know about the charge until they get their bill. Bottom line, you are paying 4.7% to sit in a restaurant.

Where does the 4.7% go? Who gets the money? The restaurants?

(06-11-2019 07:27 PM)NIUHuskie4life Wrote:  

(06-11-2019 04:42 PM)NIUSAE Wrote:  They/re recouping the CC company charges.

Which is more likely than not a breach of their agreement with the CC company.

The consumers or the merchants?

(06-11-2019 08:29 PM)NIU75 Wrote:  

(06-11-2019 04:42 PM)NIUSAE Wrote:  They/re recouping the CC company charges.

Sounds like Las Vegas. The Concession and Franchise Fee on the Strip is a new deplorable charge at restaurant and bar venues to ding customers for more money also known as the CNF. The CNF charge gouges customers 4.7% on every check. Most customers don't even know about the charge until they get their bill. Bottom line, you are paying 4.7% to sit in a restaurant.

It’s similar but not totally the same. Pretty much CC companies charge processing fees to pay for their rewards. Historically, those fees are paid by the merchant. They passed a law in the last year or so saying the merchant can now pass those fees onto the customer.

Credit card companies charge 3.25% or so for processing fees. The law allows them to now tack it on to bill. Some gas stations have been doing it for years. Cash price for gas and Credit card price.

(06-12-2019 11:05 AM)7 Wrote:  

(06-11-2019 08:29 PM)NIU75 Wrote:  

(06-11-2019 04:42 PM)NIUSAE Wrote:  They/re recouping the CC company charges.

Sounds like Las Vegas. The Concession and Franchise Fee on the Strip is a new deplorable charge at restaurant and bar venues to ding customers for more money also known as the CNF. The CNF charge gouges customers 4.7% on every check. Most customers don't even know about the charge until they get their bill. Bottom line, you are paying 4.7% to sit in a restaurant.

It’s similar but not totally the same. Pretty much CC companies charge processing fees to pay for their rewards. Historically, those fees are paid by the merchant. They passed a law in the last year or so saying the merchant can now pass those fees onto the customer.

While I have issues with a company who is charging 19% interest on credit cards to also feel the need to have a charge just for an electronic transmission. And for it to be a percentage of the overall bill? That's ridiculous. It doesn't cost them more to charge $1,000 vs $5. IF there is to be an additional charge, and that's a huge IF, the charge needs to be a flat rate (and have a limit imposed by regulators) and not some percentage that gets more people rich who literally didn't do anything and punishes people who are spending money and putting money in to circulation.

(06-12-2019 11:40 AM)Big Red Wrote:  

(06-12-2019 11:05 AM)7 Wrote:  

(06-11-2019 08:29 PM)NIU75 Wrote:  

(06-11-2019 04:42 PM)NIUSAE Wrote:  They/re recouping the CC company charges.

Sounds like Las Vegas. The Concession and Franchise Fee on the Strip is a new deplorable charge at restaurant and bar venues to ding customers for more money also known as the CNF. The CNF charge gouges customers 4.7% on every check. Most customers don't even know about the charge until they get their bill. Bottom line, you are paying 4.7% to sit in a restaurant.

It’s similar but not totally the same. Pretty much CC companies charge processing fees to pay for their rewards. Historically, those fees are paid by the merchant. They passed a law in the last year or so saying the merchant can now pass those fees onto the customer.

While I have issues with a company who is charging 19% interest on credit cards to also feel the need to have a charge just for an electronic transmission. And for it to be a percentage of the overall bill? That's ridiculous. It doesn't cost them more to charge $1,000 vs $5. IF there is to be an additional charge, and that's a huge IF, the charge needs to be a flat rate (and have a limit imposed by regulators) and not some percentage that gets more people rich who literally didn't do anything and punishes people who are spending money and putting money in to circulation.

*

(06-12-2019 06:38 PM)OldTtimeNIU Wrote:  

(06-12-2019 11:40 AM)Big Red Wrote:  

(06-12-2019 11:05 AM)7 Wrote:  

(06-11-2019 08:29 PM)NIU75 Wrote:  

(06-11-2019 04:42 PM)NIUSAE Wrote:  They/re recouping the CC company charges.

Sounds like Las Vegas. The Concession and Franchise Fee on the Strip is a new deplorable charge at restaurant and bar venues to ding customers for more money also known as the CNF. The CNF charge gouges customers 4.7% on every check. Most customers don't even know about the charge until they get their bill. Bottom line, you are paying 4.7% to sit in a restaurant.

It’s similar but not totally the same. Pretty much CC companies charge processing fees to pay for their rewards. Historically, those fees are paid by the merchant. They passed a law in the last year or so saying the merchant can now pass those fees onto the customer.

While I have issues with a company who is charging 19% interest on credit cards to also feel the need to have a charge just for an electronic transmission. And for it to be a percentage of the overall bill? That's ridiculous. It doesn't cost them more to charge $1,000 vs $5. IF there is to be an additional charge, and that's a huge IF, the charge needs to be a flat rate (and have a limit imposed by regulators) and not some percentage that gets more people rich who literally didn't do anything and punishes people who are spending money and putting money in to circulation.

*

My advice is don't keep a balance on credit cards. They are one step below loan sharks.