Most Canadians Would Stop Using Credit Cards at Businesses That Charge Additional Fees: Survey

[Epoch-Times-Bot]

Most Canadians Would Stop Using Credit Cards at Businesses That Charge Additional Fees: Survey

Amid rising prices on everything from home heating and gas to food and other necessities, a new survey suggests most Canadians would stop using credit cards at businesses that charge an additional processing fee.
The non-profit Angus Reid Institute asked 2,774 credit card holders if a new credit card surcharge of 1.5 percent would change their buying habits. Of those polled, only one in 10 Canadians said they would continue using credit cards at businesses that charged the additional fee.
Fifty-nine percent said they would use cash or debit instead of a credit card, while 28 percent said they would shop elsewhere.
Starting on Oct. 6, businesses in Canada became legally allowed to charge an additional fee at the point of sale if a customer wishes to pay by credit card. The new rules come after a class action lawsuit settlement that required Visa and Mastercard to allow merchants to decide if they want to pass on the cost of accepting credit cards to their customers. The surcharge option is not available in Quebec due to consumer protection laws....

Source: Most Canadians Would Stop Using Credit Cards at Businesses That Charge Additional Fees: Survey

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