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Phil21 · 01-26-2002, 08:49 PM

This is more for my personal knowledge than anything else, but it does piss me off a little.

The power company here (Excel Energy) just sent me a letter stating that future payments via credit cards will result in a $4.50 automatic charge, plus a 3.5% "convience" fee for each time you pay your bill via credit.

I thought this was against Visa's merchant terms? From what I knew, you could NOT accept credit cards and charge a surcharge to use them. You could do a loophole though, and give everyone paying in cash/check a discount.. If my rusty memory doesn't fail me, I even thought it was against some funky consumer credit protection laws to do this.

Or was I completely wrong? Seems like just a lame attempt at a money-grab to me. It will now cost $36 or so to pay my $30 power bills each month. WTF?

-Phil

01-26-2002, 08:49 PM
Phil21 Confirmed User Join Date: May 2001 Location: ICQ: 25285313 Posts: 993	Credit Card merchant experts.. Question. This is more for my personal knowledge than anything else, but it does piss me off a little. The power company here (Excel Energy) just sent me a letter stating that future payments via credit cards will result in a $4.50 automatic charge, plus a 3.5% "convience" fee for each time you pay your bill via credit. I thought this was against Visa's merchant terms? From what I knew, you could NOT accept credit cards and charge a surcharge to use them. You could do a loophole though, and give everyone paying in cash/check a discount.. If my rusty memory doesn't fail me, I even thought it was against some funky consumer credit protection laws to do this. Or was I completely wrong? Seems like just a lame attempt at a money-grab to me. It will now cost $36 or so to pay my $30 power bills each month. WTF? -Phil