Electronic payments normally include a convenience fee. These fees are often excessive and are counterproductive to eliminating the use of paper checks.
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Agree, as long as the credit card companies are eliminating their fees. Businesses have to pay those fees, and if the they can’t pass it on to the customers they’ll be forced to raise prices. Unless, they’re given a credit somehow. Agree though, it’s so convenient and rewarding (points) to use cards and not cash but it comes with a price.
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The convenience fee is added on top of the actual processing fees. For example, if you were to call the service provider and offer to pay over the phone by giving your card information, no convenience fee would be charged. The C-fee only gets charged when the consumer pays using a website’s electronic payment option. The processing is completely electronic requiring zero human interaction.