They tell me that on top of being required to accept credit card payments, fees are increasing. The credit card company regularly increases its fees and there is nothing they can do about it, they have to accept. Furthermore, they tell me that the fees vary depending on whether or not the buyer is a good customer of the credit card company. Good customers like me, who pay their bill on time, do not make them money, since they do not pay interest. So the merchant is being charged more than for a delinquent customer who pays interest to the credit card company. Will you be able to take action against commercial practices such as these with the regulations that are proposed?
On April 29th, 2010. See this statement in context.