this post was submitted on 07 Dec 2023
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Give me a digital transaction without fees and I'll give up checks. They cost less to accept.
When I accept digital payments for my professional work there is always a fee no less than 1% and sometimes as high as 3.75%. Is your experience different?
I think they're making fun of the US for still having fees.
Here in europe bank transfers are generally free.
Point scored for Europe. I wish that was the case here. I use a service that will do ACH transactions (account to account) for about 1% but many people only want to pay with cards and that means 2.75% or more. Banks suck.
Mostly I do accept the digital payments. Very few, particularly since the pandemic, pay with checks. But it hurts a bit when its accounting time to pay those big fees. Its just profiteering because they can do it as a group of monopolists.