Credit card fee

Closed Thread
Thread Tools
  #16  
Old 09-04-2022, 05:41 AM
bowlingal bowlingal is offline
Veteran member
Join Date: Jan 2015
Posts: 847
Thanks: 2
Thanked 713 Times in 378 Posts
Default

Quote:
Originally Posted by coralway View Post
AMEX charges them a fee, don't know about Visa or MC.
They ALL charge a fee including diners club. I worked in retail and the percentage rate the card companies charge depends on how much business the retail store does....the higher the sales, the less they are charged. American Express charged the most. MC and Visa were the least 1-2%. Sounds like these businesses are trying to re-coup extra income.
  #17  
Old 09-04-2022, 06:13 AM
joelfmi joelfmi is offline
Senior Member
Join Date: Sep 2020
Location: Long Island NY
Posts: 485
Thanks: 9
Thanked 193 Times in 116 Posts
Send a message via AIM to joelfmi
Default

Quote:
Originally Posted by Ral51Bjl View Post
My golf ladies went to Arnold Parker’s yesterday for lunch. We knew it was pricey but the food and service are usually good. When given our checks we put our credit cards to pay the bill. When the server returned with the copy to sign, we noticed the bill was higher. I called the server over and she stated that it was a 3.75% service charge for using a credit card and this was on the bottom of checks. We don’t usually look at the bottom of the check unless it has the gratuity suggestions on it. Beware of this on your checks.
Don't eat their or pay by cash which a lot of customer do.
  #18  
Old 09-04-2022, 06:18 AM
Eg_cruz Eg_cruz is online now
Veteran member
Join Date: Mar 2016
Posts: 878
Thanks: 1,943
Thanked 1,238 Times in 446 Posts
Default

Quote:
Originally Posted by Ral51Bjl View Post
My golf ladies went to Arnold Parker’s yesterday for lunch. We knew it was pricey but the food and service are usually good. When given our checks we put our credit cards to pay the bill. When the server returned with the copy to sign, we noticed the bill was higher. I called the server over and she stated that it was a 3.75% service charge for using a credit card and this was on the bottom of checks. We don’t usually look at the bottom of the check unless it has the gratuity suggestions on it. Beware of this on your checks.
We went to the Mexican restaurant on 441 and they did the same thing. Yet an other reason to carry cash
__________________
“Living is Easy with Eyes Closed”
  #19  
Old 09-04-2022, 06:34 AM
PJackpot PJackpot is offline
Senior Member
Join Date: Aug 2015
Location: The Villages
Posts: 192
Thanks: 112
Thanked 181 Times in 75 Posts
Default

Quote:
Originally Posted by Ral51Bjl View Post
My golf ladies went to Arnold Parker’s yesterday for lunch. We knew it was pricey but the food and service are usually good. When given our checks we put our credit cards to pay the bill. When the server returned with the copy to sign, we noticed the bill was higher. I called the server over and she stated that it was a 3.75% service charge for using a credit card and this was on the bottom of checks. We don’t usually look at the bottom of the check unless it has the gratuity suggestions on it. Beware of this on your checks.
I've never seen a credit card fee on any check from a restaurant I've eaten at, just the meal tax, and we go out quite a bit. As far as Palmer goes, we haven't eaten at that particular restaurant in quite a while.
  #20  
Old 09-04-2022, 06:36 AM
birdawg's Avatar
birdawg birdawg is offline
Veteran member
Join Date: Dec 2010
Location: Allamuchy NJ, Fernandina
Posts: 607
Thanks: 1,673
Thanked 161 Times in 70 Posts
Default

Cash helps the restaurant hide paying taxes.
  #21  
Old 09-04-2022, 06:38 AM
Sandy and Ed Sandy and Ed is offline
Veteran member
Join Date: Oct 2013
Location: Pennecamp
Posts: 664
Thanks: 367
Thanked 606 Times in 294 Posts
Default

Quote:
Originally Posted by Stu from NYC View Post
And than when they calculate a suggested tip for us will include that percentage.
Considering they now “for our convenience” suggest a minimum tip of 18%, have increased the meal cost and in some cases reduced the meal quality and selection, might as well do more cooking at home.
  #22  
Old 09-04-2022, 06:56 AM
TomPerry TomPerry is offline
Senior Member
Join Date: Mar 2016
Posts: 154
Thanks: 1
Thanked 172 Times in 75 Posts
Default

I went to a restaurant in Massachusetts that gave a 4% discount for paying with cash. Prices were the same as before they started offering the discount.
  #23  
Old 09-04-2022, 07:04 AM
retiredguy123 retiredguy123 is online now
Sage
Join Date: Feb 2016
Posts: 13,954
Thanks: 2,275
Thanked 13,423 Times in 5,111 Posts
Default

Quote:
Originally Posted by banjobob View Post
All credit card companies charge the merchant fees for using their card, if the merchan.t passes these charges on it should be noted on your bill . The fee is based on the merchants volume of sales , higher sales lower fee .
Actually, the amount the merchant pays is based on a complicated formula that includes the type of business, the sales volume, the average transaction amount, and the type of credit card used for each transaction. If a high percentage of customers use a rewards card, then the merchant's fee will increase. Low transaction amounts can also increase the fee.
  #24  
Old 09-04-2022, 07:14 AM
Stu from NYC Stu from NYC is online now
Sage
Join Date: Feb 2020
Posts: 12,439
Thanks: 1,161
Thanked 13,939 Times in 5,278 Posts
Default

The times are sure interesting.
  #25  
Old 09-04-2022, 07:30 AM
retiredguy123 retiredguy123 is online now
Sage
Join Date: Feb 2016
Posts: 13,954
Thanks: 2,275
Thanked 13,423 Times in 5,111 Posts
Default

Quote:
Originally Posted by birdawg View Post
Cash helps the restaurant hide paying taxes.
Yes, and since 2008, banks are required to report the credit card activity of businesses to the IRS.

Even the IRS has said that many restaurants significantly underreport their income, especially independent restaurants who don't need to report income to a franchiser.
  #26  
Old 09-04-2022, 07:35 AM
VickiF VickiF is offline
Member
Join Date: Jun 2021
Posts: 33
Thanks: 95
Thanked 22 Times in 8 Posts
Default

😂 😂 😂
  #27  
Old 09-04-2022, 07:47 AM
Robsillup Robsillup is offline
Junior Member
Join Date: Oct 2021
Posts: 10
Thanks: 102
Thanked 4 Times in 4 Posts
Default

Doesn’t it make more sense for a restaurant to up their prices for a credit card on the menu then off a “discount” to cash customers. That makes them look “better”!
  #28  
Old 09-04-2022, 07:48 AM
Sandy and Ed Sandy and Ed is offline
Veteran member
Join Date: Oct 2013
Location: Pennecamp
Posts: 664
Thanks: 367
Thanked 606 Times in 294 Posts
Default

Well Darrell’s Diner also has a “non cash” fee. We had a $22 breakfast bill with a $1.54 (7%) tax and then a $0.94 “fee”. Not a big thing. Dropped a $3.50 tip and walked out for under $30. Problem for me is that our “cashless society” gonna start costing us real soon.
  #29  
Old 09-04-2022, 07:49 AM
Sandy and Ed Sandy and Ed is offline
Veteran member
Join Date: Oct 2013
Location: Pennecamp
Posts: 664
Thanks: 367
Thanked 606 Times in 294 Posts
Default

Quote:
Originally Posted by Robsillup View Post
Doesn’t it make more sense for a restaurant to up their prices for a credit card on the menu then off a “discount” to cash customers. That makes them look “better”!
I like it!! Discount sounds and feels a lot better than Surcharge!!
  #30  
Old 09-04-2022, 08:07 AM
Stu from NYC Stu from NYC is online now
Sage
Join Date: Feb 2020
Posts: 12,439
Thanks: 1,161
Thanked 13,939 Times in 5,278 Posts
Default

Quote:
Originally Posted by Sandy and Ed View Post
Well Darrell’s Diner also has a “non cash” fee. We had a $22 breakfast bill with a $1.54 (7%) tax and then a $0.94 “fee”. Not a big thing. Dropped a $3.50 tip and walked out for under $30. Problem for me is that our “cashless society” gonna start costing us real soon.
If they put it on the menu or post it prominently in restaurant guess it is ok but if the first time we see it is on the bill would bother me.
Closed Thread

Tags
checks, credit, bill, service, card

Thread Tools

You are viewing a new design of the TOTV site. Click here to revert to the old version.

All times are GMT -5. The time now is 08:08 AM.