04/14/2026
Just watching the news and they were talking about charges at businesses when using a card for purchases. They did not explain this fully like I was hoping they would. Had I not owned a business, I wouldn't have understood this like I do now. For the first few years that I owned a business I was paying for everyone that used a card. The cost on average was about $1500 a month. Those charges were rough. Between making my bank payment from the loan I took out to purchase the business, then my rent on the building, what I was paying on people using their credit card was about the same amount. I also needed to stay competitive and didn't want to raise my prices. I ended up going with a card processing company where there was a 3% fee for people using a card. I still had to end up paying some, but not near the amount. People need to understand, businesses don't like having to do that, but businesses are also struggling and just want to stay in business. Businesses also have to pay for the credit card paper, which is another cost to the business owner. I ended up selling my business at the end of the year, but I am glad I understand this charge. Now when I use my card somewhere, I understand and don't get irritated. If you don't want the charge, pay in cash. Businesses like that a whole lot better.