University students impacted by new credit card transaction fees

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New credit card transaction fees businesses are allowed to pass onto customers will make him much more conscious about how and where he uses his credit card.

Regardless, Whitehurst predicted only small businesses will look to use this new tool to their advantage.

“It just seems very complicated,” he said. “In most cases, it’s counter to the best interests of merchants.”, shared publicly on Dec. 6, showed two out of every five Canadians would stop shopping at major retailers if they added surcharges, while only three out of every 10 would avoid small businesses that add the surcharges.

“We hope any organization that chooses to pass a surcharge onto its customers will subsequently demonstrate a price reduction,” she said. Under Carleton Dining Services, several large and small businesses operate on campus. This includes Starbucks and Tim Hortons, which each have more than one location at Carleton.

 

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