More than two in five people say they\u0027d take their money elsewhere if a big company charged a 1.5% fee to pay with a credit card. Read more.
It’s not only businesses that could suffer from the wrath of consumers forced to pay extra fees: the credit card giants face repercussions, too. Three in five people say they’d keep their credit cards in their wallet and pay with cash or debit instead if a big company tried to pass on the surcharge. In the case of small business customers, more than half would switch to another form of payment.
That should give all the major players pause, she said, even as Canadians use credit cards more than ever. Cash has fallen out of favour since the start of the pandemic, fuelling a surge in credit card use, the survey said. Now, more than 60 per cent of people say they use credit for at least half of their purchases.
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Posthaste: Canadians balk at being forced to pay an extra fee for credit card purchasesMore than two in five people say they\u0027d take their money elsewhere if a big company charged a 1.5% fee to pay with a credit card. Read more.
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Posthaste: Canadians balk at being forced to pay an extra fee for credit card purchasesMore than two in five people say they\u0027d take their money elsewhere if a big company charged a 1.5% fee to pay with a credit card. Read more.
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Posthaste: Canadians balk at being forced to pay an extra fee for credit card purchasesMore than two in five people say they\u0027d take their money elsewhere if a big company charged a 1.5% fee to pay with a credit card. Read more.
اقرأ أكثر »
Posthaste: Canadians balk at being forced to pay an extra fee for credit card purchasesMore than two in five people say they\u0027d take their money elsewhere if a big company charged a 1.5% fee to pay with a credit card. Read more.
اقرأ أكثر »
Posthaste: What the Bank of Canada hike will mean for mortgage borrowersIf the Bank of Canada raises its rate by 50 bps, prime rates are expected to rise to 6.45 per cent. Read more
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Posthaste: What the Bank of Canada hike will mean for mortgage borrowersIf the Bank of Canada raises its rate by 50 bps, prime rates are expected to rise to 6.45 per cent. Read more
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