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 What EU shoppers are asking |
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We’re on a tight weekly budget now and always choose the payment plans where we spend the least – at least when we have a choice. I didn’t understand why my local florist wouldn’t accept my MasterCard until she explained it to me. And the worst part about it is that these high fees raise the cost of goods and services for all consumers whether they pay with plastic or cash. So even if you don’t have a credit card because, for example, you can’t afford one, you pay anyway. It just doesn’t seem fair.
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 Did you know? |
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Did you know that the air miles and other ‘free gifts’ cardholders get from Visa and MasterCard are not free at all? Retailers and shoppers pay for them on every purchase – whether paid for by cash, cheque or card.
Category: Did you know ?
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 Key Facts |
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“My bank told me the fee covers processing costs for Visa and MasterCard. But I read that only 13% of the fees go toward these costs, with the rest going to bank profits, and rewards for the select few cardholders. What’s the deal?”
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