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Costly convenience fees can be unfair and outrageous. This person was charged $10 for paying rent each month through a bank ...
They were suggesting autopay, but that didn’t work for him, which forced him to get creative in how he made the payments.
"The contractor can recover costs that it's incurred and profit on the work that it has performed," said Stephen Bacon.
The math says it all: If your college or university charges a convenience fee of 2.5% for credit card payments, every $10,000 you pay in tuition will come with an additional $250 in fees.
Convenience fees are also another legal way for retailers to charge more for certain payment methods – specifically credit cards. Rathner said using debit instead of credit will sometimes help ...
But banks charge fees for that convenience. Eliminating the fee limit will be “a significant victory for millions of Americans — especially the one in five without access to credit — who ...