Paying with a credit card? Expect to see a fee when you shop under new rules that start now
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Retailers, other businesses will be allowed to pass on fees of up to 2.4% to consumers
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The new rules won't be a free-for-all, as starting Thursday, merchants must give card providers 30 days' notice of their intent to start charging a fee. They must also make it clear to customers at the time of payment that there's a surcharge, and it can't be more than they pay themselves. Finally, the surcharge will be capped at 2.4 per cent. But the rules won't be in force in Quebec, because that type of fee is forbidden under the province's Consumer Protection Act.
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https://www.cbc.ca/news/business/cre...shop-1.6606997
Tired of inflation? Well be prepared for the price of everything to go up another 2% starting soon if you pay with a credit card.
I wonder how this will work for online shopping, where paying via other methods is more difficult.
I also don’t understand how they can only pass along their exact fee if the fees differ depending on what kind of car you use. A no fee card has a much smaller merchant fee from visa than an Infinite card.