Posted: Jan 29, 2013 10:28 PM by Steven Albritton
Updated: Jan 29, 2013 10:34 PM
An everyday credit card swipe could mean more money out of your pocket. Depending on how much a business pays in processing fees, the amount could be between 1.5% and 4% of your total purchase price. The law, which went into effect January 27, will allow the business choose to pass the credit card surcharge onto the customer .
"We're not passing it on to our customers. We want to keep our customers and as many of them as we can," Owner of Twin's Burgers & Sweets Billy Guilbeaux said.
Guilbeaux doesn't think it's right to put that burden on customers.
"I'll just wait for the credit card companies to start competing over charging less of a fee to businesses," he said.
The same goes over at Lafayette's Salon Des Amis. Owner Sara Hebert promotes a friend and family atmosphere in the salon. She says she could never pass this charge to her customers.
"Nowadays, most people do use credit cards versus checks and cash. I know, personally, I tend to use my credit card more than having cash or check. So, it is just one of the things you kind of have to deal with having a small business," Hebert said.
Debit cards and American Express credit cards won't be effected by the new law. If a business does decide to pass along the charges; a note will be posted at the checkout counter informing you of the fee.