If you don’t know by now, merchants can now charge you a surcharge every time you use your credit card. If you have been living under a rock, consumers and the media are playing the role of Chicken Little and this event is the sky falling.
Do yourself a favor and stop for a second.
Stop to get all of the facts.
Stop top process all of the information before you start a new credit cards are bad campaign.
Stop to understand all of the rules before you go all cash crazy.
Odds are you won’t ever see a surcharge from any retailer, and it’s not speculation either. Most of that last statement is coming from the facts surround this whole merchant settlement mess.