19 September 2022
By : Quick Insurance Guru
Credit : Unsplash
Credit : Unsplash
About 85% of colleges and universities now accept credit cards as payment.
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But there is typically a 2%–3% premium for the privilege. With a 2.5% assumption, a $10,000 tuition bill would include a $250 fee.
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Most states no longer restrict merchants from charging extra to customers who pay with credit to cover
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Credit card processing companies charge for every swipe -- those surcharges can be as high as 4%.
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Therefore, paying with cash at your local DMV, post office, or court is almost always more affordable.
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The difference between the price paid with cash and the price paid with a credit card is never more evident than at the gas station.
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Today, however, most gas stations simply advertise two different prices side by side -- a lower price for cash and a higher price for credit.
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