New credit card surcharge law takes effect in New York. Here's what you need to know | NBC New York
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- Опубліковано 28 вер 2024
- A new law goes into effect this weekend requiring businesses to disclose additional credit card surcharges. NBC New York's Lynda Baquero reports.
and so the consumer gets screwed once again
What are you talking about? This advises the consumer exactly how much he can save by using cash.
Why should the vendors have to eat the 4% the credit card companies charge them to do nothing more than pass along the money?
Not too long ago credit card companies used to threaten not to work with businesses that tried to offer the consumer a break for paying in cash. They didn't want you to know that they skimmed 4% off every sale.
BTW, those same credit card companies are happy to charge you 18% or whatever to carry a balance, so now they've taken in 4% on the sale and hit you for 18% to carry then balance, now they're taking in 22%, and are STILL looking for more ways to get even MORE out of you.
@@MsCriticalthinker201crazy the banks make money no matter if you are giving to them or taking 😂
@MsCriticalthinker201 I can see a lot if businesses raising prices with no cash discount.
Just another scam for the douchebags greedy rich to get richer from fee's they added on.
They know everyone pays now days with a debit or credit card.
Most honestly companies don't charge a fee using your debit or credit card only the crooks and greedy pricks.
CASH IS KING.
just when we thought it will be phased out, this is great
Gold and silver are constitutional 🇺🇸
What is happening at the end? Did the camera man give up?
I think credit card fees are part of a business doing business. It's crap that they pass along the fee to you. You shouldn't be penalized based on how you pay.
WTH??
Those businesses are ALREADY DOING THIS - this is just Forcing Businesses Not to Trick Consumers! This is NOT ADDING a fee - it is just Consumer Notification!
Any business that cannot afford THEIR fees cannot afford to run a business period. They need to learn financial responsibility.
Not true. The fees are a lot. Especially for expensive purchases this adds up a lot. Why should the business be responsible for you wanting to pay via cards and not cash.
NO EXCUSES FOR THE CARD INDUSTRY AND POLITICIANS TO TAKE AWAY OUR MONEY WITHOUT NEED, PERIOD. THIS IS GREEDY 100%CORRUPTION! IMAGINE HOW MUCH MILLIONS OF TRANSACTIONS BY THE HOUR THEY ARE POCKETING IN. IN THE MEAN TIME THE MASS POPULATION ARE BECOME POORER. CRIME IS GOING TO GROW.@@Daniel.H.Garavaglia
@@Daniel.H.Garavaglia Why should the consumer pay for the employee's salary at restaurant? You accept CC, you deal with the cost, period.
It's for your convenience. Not the bussiness. This allowed businesses to lower prices for customers paying with cash or check. Now everyone just has to pay the normal price.
well then most blk business will fail
Time to get back to constitutional money, gold and silver 🇺🇸
😂
Can we get a law that prohibits cash only businesses? New York is crazy with cash only restaurants.
NOW, WE SAVE MONEY BY USING CASH. "CASH ONLY" IS BETTER FOR CONSUMERS AND BUSINESS. GOVERNMENTS,POLITICIANS AND THE CREDIT CARD INDUSTRY ARE GETTING MORE PROFITS BY CHARGING CONSUMERS AND BUSINESS FOR USING CARDS. IMAGINE HOW MANY MILLIONS OF TRANSACTIONS EVERY HOUR,DAYS MEANS FOR THEM.BESIDES PRIVACY...
Can't wait for the chip in the hand?
Cutting out cash will ruin this country more than it already is . But keep on talkin that s***
🤣😂 all of you people are 🤡🤡🤡 I’m not saying get rid of cash morons…I’m saying they should not be allowed to turn down debit or credit cards…bunch of yt tools 🤣😂
Take a good hard look at a Federal Reserve Note printed by the U.S. Treasury, it says: "For ALL debts public AND private." Have you ever thought about what that means?
Credit fee is like another sort of direct tax by ultra richer on lower classes besides other indirect taxes imposed by these classes using govt. legislativ power in their favor.
Cusumers always in the end getting screwed! Credit, Debt should be same damn price period!
What about online purchases? Write a check?
Yup. An e check... aka bank draft .
Oddly far better to support a local business and pay with cash
More taxes and more money for illegal immigrants. Thank you New York.
This literally has nothing to do with taxes...
@@null-dev OK. more money for criminals.
@@jaimehaiti9479 Nobody is being charged more money though, did you even watch the video?
In one way cash is better w/o tracking. However, this is a prelude ... after they get you use to the fee then we will be forced into digital currency. In the meantime, businesses w have cash again and be targets for robberies and bank drops.
why digital currency and not just continuing cash?
Next stop chip in the hand 👍
NON CRYPTO. IS DEFINITE. NON-REVERSE or FLIP, traceable