That Credit Card 'Convenience Fee' May Be Illegal
Category: MONEY
When a small mom-and-pop shop slaps on a small "convenience fee" for an in-store purchase with a credit card, it is likely confusing the term for a surcharge. Under a 2012 ruling, merchants cannot impose a credit card surcharge of more than 4 percent of the transaction.
By MyBankTracker, Contributor
We help consumers make smarter banking and money decisions., 2014-03-13