Chris Malone

Quite possibly the best voice you will hear all day, that’s because when you hear Chris Malone weekdays from 3pm to 7pm, your workday should be about done.  Chris keeps your favorite music going strong as you head down the home stretch.  Keep 98.5 KTK with you in the car, as hitting the rush hour adds stress; Chris keeps you cool with an hour of commercial-free music starting just before 5pm!


Credit Card Checkout Fees Begin

It may cost you more to put it on your charge card!  Every time you use a credit card, there is a small fee, usually 1.5% to 3% that is charged to the retailer (with American Express charging the most, which is why many businesses won't accept it).  But as of January 27th, retailers can now pass along this fee to you in the form of a credit card checkout fee, if you use a Visa and MasterCard. 
 
That means a family that uses a credit card to purchase $100 of groceries a week would pay up to an additional $156 per year if their grocer charges the fee. $50 in gas per week could mean $78 in checkout fees per year. A $3,000 family vacation could result in a $90 checkout fee
But there is some good news for us who enjoy the ease of paying with plastic. The fee doesn’t apply to debit card purchases, the new law does not include American Express credit cards which retailer agreements specifically states they cannot pass along usage fees to customers.It also appears most major retailers, like Target and Walmart, are not planning on passing along any credit card fees to their customers...at least for now.

Most of this new legislation will not effect us in Florida as checkout fees are illegal in our state as well as in California, Colorado, Connecticut, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas.

But keep in mind as you plan vacations and trips out of state that there is the potential to pay more if you charge it.  How can you tell?  Retailers are required by this new law to notify you before ringing up your purchases that there is a checkout fee for using Visa or MasterCard...most likely with signage.
 


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Locations : CaliforniaColoradoConnecticutFloridaKansasMaineMassachusettsNew YorkOklahomaTexas


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02/01/2013 6:38AM
Credit Card Checkout Fees Are Here
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