- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: It’s no longer legal to charge additional for debit card usage- PSA
Posted on 8/3/26 at 6:49 am to wm72
Posted on 8/3/26 at 6:49 am to wm72
I’m fine with a CC surcharge as long as it’s a flat rate and not this 3% bs. It should cost the same to run a transaction regardless of the subtotal.
It appears right below the taxes on the receipt. If you pay cash, you are exempt of the surcharge.
Why not do this?
It appears right below the taxes on the receipt. If you pay cash, you are exempt of the surcharge.
Why not do this?
0
Posted on 8/3/26 at 6:49 am to SlidellCajun
It's OK. The merchant (or their employee) will get paid.
I've been told it's easier for the scammers to empty your bank debit card online.
I've been told it's easier for the scammers to empty your bank debit card online.
Posted on 8/3/26 at 6:59 am to RollTide1987
quote:
Now businesses will have have transparent pricing to make up for the loss in profits
Posted on 8/3/26 at 7:03 am to wm72
quote:
The bank charges 3% for you to conveniently use your card
The bank charges the business 3% to pay them the cash value. This is an operating expense, as with any utility. If the business wants to avoid the charge, stop taking cards and see the impact to their profits.
Build the operating costs into your pricing, let customers see the cost up front, empowering them to make their own business decision NOT at the point of sale.
That practice sucks for the consumer where we are talking about add on fees and surcharges from short term rentals, car rentals, ticket purchases, airline tickets, new cars, used cars, boats, etc etc etc
This is no fricking different.
This is an operating expense, nothing more, nothing less.
Posted on 8/3/26 at 7:12 am to krewerider
quote:
It's called the cost of doing business.
Do some of yall not realize the “cost of doing business” continues to go up. Yet consumers act like small business aren’t allowed to make a profit. If they don’t, you will be left dealing with corporate for everything.
Credit card usage by customers has taken an exponential increase. CC companies started charging fees just to hold and tokenize the card info on top of the fee to run the card.
These companies change rates and increase fees without notice to the businesses all the time. 3% may sound small, but now has a much larger impact than it used to. Small business often run at 15-20% profitability with a lot running less than that. 3% is a lot more money than you think it is to that business.
Posted on 8/3/26 at 7:26 am to More beer please
quote:
Do some of yall not realize the “cost of doing business” continues to go up. Yet consumers act like small business aren’t allowed to make a profit
Who has issues with a small business making a profit?
quote:
Credit card usage by customers has taken an exponential increase.
What operating expense has not increased?
Wifi is more expensive, so is power, running water, rent, insurance.
Build it into your pricing. It's not complicated.
Posted on 8/3/26 at 7:35 am to LSUfan4444
quote:
Build it into your pricing. It's not complicated.
It actually is pretty complicated. "Build it into your pricing" drives people to amazon pretty quickly if your prices aren't competitive.
Posted on 8/3/26 at 8:23 am to LSUfan4444
quote:
Build it into your pricing. It's not complicated.
Build an unknown increase in cost into your pricing model. Yeah just raise your prices while every consumer is complaining about the price of everything currently.
quote:
Who has issues with a small business making a profit?
The same people that complain about PE/corporate taking over everything are the same ones complaining about small business pricing.
Posted on 8/3/26 at 8:34 am to bbap
quote:
It actually is pretty complicated.
No, it's quite simple. It may not be easy to make the same profits being transparent to the customer allowing them to make the most informed decision but it's not complicated.
Review fixed and variable expenses.
Set revenue benchmarks.
Establish pricing.
Review continuously.
quote:
"Build it into your pricing" drives people to amazon pretty quickly if your prices aren't competitive.
Exactly.
It's a bait and switch, enacted at the point of sale in large part to misdirect the customer as to the true pricing in hopes they emotionally commit to the purchase before shopping elsewhere.
Its been done by car dealerships for decades. Adopted by airlines, ticket relsalers, short term rentals.
quote:
Yeah just raise your prices while every consumer is complaining about the price of everything currently.
Well, that's one way. Other ways would be to look at current expenses and see the most effective way to lower them other places.
quote:
The same people that complain about PE/corporate taking over everything are the same ones complaining about small business pricing.
Get out of hypotheticals..who, here, in this conversation has issues with small business making a profit?
Where else do so many people support surcharges rather than up front pricing? It's one of most common consumer complaint in today's economy.
This post was edited on 8/3/26 at 8:39 am
Posted on 8/3/26 at 8:38 am to LSUfan4444
quote:
ell, that's one way. Other ways would be to look at current expenses and see the most effective way to lower them other places.
This is spoken like someone who doesn't own a small business. This is done damn nearly daily/weekly. Small business run on absolute razor thin margins.
I don't charge cc fees on transaction but i certainly understand why people do it. Simply stating "build it into your prices, its easy" is just flat out not true. Yeah it can be done but it comes with it's own tradeoffs, namely demand.
This post was edited on 8/3/26 at 8:39 am
Posted on 8/3/26 at 8:41 am to bbap
You're confusing simple and easy.
Being competitive in any sort of retail is not easy but transparent pricing models is not complicated.
In many industries, in many places, the market is oversaturated.
One of the 4 dozen womens clothing boutiques in a city of 30K people doesnt need to charge a credit card surcharge to be competitive, they need to find a better market.
If you're a small restaurant, in a city of 30k people and you're closed on Sundays and not turning a profit, it's not because of credit card bank charges.
Being competitive in any sort of retail is not easy but transparent pricing models is not complicated.
quote:
Small business run on absolute razor thin margins.
In many industries, in many places, the market is oversaturated.
One of the 4 dozen womens clothing boutiques in a city of 30K people doesnt need to charge a credit card surcharge to be competitive, they need to find a better market.
If you're a small restaurant, in a city of 30k people and you're closed on Sundays and not turning a profit, it's not because of credit card bank charges.
This post was edited on 8/3/26 at 8:45 am
Posted on 8/3/26 at 8:44 am to LSUfan4444
You also punish customers who purposely don't use credit cards to avoid fees. There's literally nothing simply or easy about the situation. Both ways come with pluses, minuses, unhappy customers, small business that potentially can't meet ends. It's a huge balancing act, and it's a complex situation. There's really no other way to put it.
Posted on 8/3/26 at 8:50 am to bbap
quote:
You also punish customers who purposely don't use credit cards to avoid fees.
No different than satellite or YouTube TV. Is that used by someone who calls and places a to-go order? No, it's a business expense fixed into pricing.
quote:
There's literally nothing simply or easy about the situation
Sure there is. Walk into most central city corner stores, introduce yourself to the owner and revisit.
Small businesses owners have mode this more complicated than. it needs to be by design. If it's confusing for the customer it's easy to distract them.
It's even been said here by those in support of CC surcharges, if the pricing model is transparent they will lose business were the consumer can find better pricing.
This post was edited on 8/3/26 at 9:02 am
Posted on 8/3/26 at 10:05 am to LSUfan4444
quote:
who, here, in this conversation has issues with small business making a profit?
This conversation? I don’t know. I know plenty of people that view particular industries as places where they view businesses being profitable as a negative.
Posted on 8/3/26 at 12:53 pm to jbgleason
quote:
will go back to that once the minimum wage idiot at the register can take less than three minutes figuring out change on $4.95 purchase paid for with a $10 bill. I swear sometimes it looks like they are trying to solve a re entry orbit equation for the space shuttle
Life’s not going anywhere, slow down enjoy it.
Reasserting ownership of my shopping habits is well worth my time.
We are sacrificing financial anonymity/ and autonomy for convenience. I think our spending habits can potentially be used against us.
The kid behind the counter will get better with practice.
Posted on 8/3/26 at 1:26 pm to More beer please
quote:
Do some of yall not realize the “cost of doing business” continues to go up. Yet consumers act like small business aren’t allowed to make a profit. If they don’t, you will be left dealing with corporate for everything.
Credit card usage by customers has taken an exponential increase. CC companies started charging fees just to hold and tokenize the card info on top of the fee to run the card.
No one forces small businesses to accept CC as payment. They gain access to a much larger pool of customers when they do accept CC. The consumer shouldn't be the only one paying for privilege.
Posted on 8/3/26 at 2:03 pm to SlidellCajun
So ok for big business to frick you but not the small business. Thanks government
Posted on 8/3/26 at 2:17 pm to SlidellCajun
Who TF uses a debit card
Posted on 8/3/26 at 3:16 pm to TigerTatorTots
quote:
Who TF uses a debit card
People that don’t use revolving credit to buy lunch.
Posted on 8/3/26 at 3:22 pm to Btrtigerfan
What amuses me is the amount of business who have had two months to adjust their payment processing systems to process debit different from credit and have done absolutely nothing.
They'll violate the legislation, be notified and either then have 30 days how to to figure out how to refund the charge OR eventually incur court costs and additional fines. This train has been coming down the tracks for weeks.
They'll violate the legislation, be notified and either then have 30 days how to to figure out how to refund the charge OR eventually incur court costs and additional fines. This train has been coming down the tracks for weeks.
Page 4 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News