KDLT Home KDLT on Facebook KDLT on Twitter Get the KDLT iPhone App Get the KDLT Android App

Credit Card Fees Could Increase Nationwide

Bookmark and Share

The 18th Amendment, a neighborhood bar in Sioux Falls, offers drinks, food and gambling and running an establishment like this comes with a price.

"The cost of business, especially for local owned small businesses has escalated," said Horrocks.

Rob Horrocks, the General Manager at the 18th Amendment said some of the costs include credit and debit card fees, which retailers pay banks to process card sales.

Now, a new law allows businesses to pass along those fees to consumers, reaching up to four percent in additional charges per transaction.

"We have to consider every option to make sure the establishment can make money," said Horrocks.

This might be an option now, but Horrocks said their neighborhood bar wouldn’t be taking any action soon.

"We're not going to be one of the first movers or anything," said Horrocks.

Some companies such as Paws & Reflect Pet Grooming eliminated credit cards and debit cards as a form of payment altogether which ended up saving the company money as well as their customers.

"When we explain to them that we're paying anywhere from $800-$1200 a month in finance charges, they get it,” said Biggins.

Jennifer Biggins, owner of Paws & Reflect Pet Grooming, said as of July 2012, their business only accepts cash or check.

Some customers such as Stephen Biteler and his dog Snowball accept the business's decision.

"I think it's a really good thing that way they're not going to have to raise their prices, just because they have to make up for that 4% and it helps me because I know my prices are going to stay the same," said Biteler.

Although Biggins doesn't think her business will be turning back to credit and debit cards anytime soon, she said this new law represents choices for small businesses.

"You have to always adapt to different laws, regulations, trends." said Biggins.

A choice many businesses will be making soon.

Just to point out this is not a new fee, but a new option for retailers to pass the cost on to consumers.

All indications are major retailers won't charge the so called "check out" fees, a Hy-Vee spokesman said they have no plans to start charging customers who use credit cards.

Individual states can ban the fees and ten states have already done that.   
< Prev Story Back To Top Next Story >

17th Annual LifeLight Begins Despite Rain   story with video

The first acts are already playing to crowds of thousands Friday evening. But before ...

Medical Marijuana Protest Held In Huron

While there doesn't seem to be a ton of open support for legalizing medical marijuana in ...

South Dakota State Fair In Full Swing

The South Dakota State Fair is in full swing in Huron. The fair kicked off ...

Social Media Guidelines For Teachers  story with video  Aug. 29

Iowa Packing Company Ordered To Pay For Violations  Aug. 29

South Dakota Settles Lawsuit Against Omnicare  Aug. 29

Rosholt Ethanol Plant Operating After 18 Months  Aug. 29

Child Immunization Rates Up In South Dakota  Aug. 29

Bomber Crews In ND, SD Learn From One Another  Aug. 29

Upgrading Pierre Stadium Would Cost $1.2 Million  Aug. 29

Laura And Kevin Preview This Weekend's Movies  story with video  Aug. 29

Mock-Ups Announced To Fix 'Ripple Effect'   story with video  Aug. 28

Thune Addresses Grain Shipment Delays At SD Forum  Aug. 28

Name Change At Westward Ho Country Club  Aug. 28

George McGovern Honored In Sioux Falls School  story with video  Aug. 28

SFFR Conducts Natural Gas Simulation Training   Aug. 28

Employee-Only Concert At New Events Center  Aug. 28

Man Arrested After Police Pursuit, 4 Car Crash  story with video  Aug. 28

Wisconsin Woman Dies In Crash Near Rapid City  Aug. 28

State Has Paid Out Over $2 Million In Settlements  Aug. 28

KDLT News Archive

Employee-Only Concert At New Events Center

Another big country act is booked for the new ...

Name Change At Westward Ho Country Club

Westward Ho Country Club in Sioux Falls is getting a name ...

Man Arrested After Police Pursuit, 4 Car Crash  story with video

A 30-year-old man is behind bars accused of causing a ...

Mock-Ups Announced To Fix 'Ripple Effect'   story with video  Aug. 28

Oil Conference Planned In Spearfish In October  Aug. 28

State Has Paid Out Over $2 Million In Settlements  Aug. 28

Woman Pleads Guilty In Sioux Falls Drug Conspiracy  Aug. 28

SFFR Conducts Natural Gas Simulation Training   Aug. 28

KDLT News Archive

Birds, Kye Winter win home finale

Sioux Falls, SD-- The Sioux Falls Canaries wrapped up their 2014 home ...

Adrian wins big to start football season  story with video

The Minnesota high school football season kicked off Thursday night and the ...

Vikes finish exhibition schedule 4-0  story with video

Teddy Bridgewater threw his 5th TD pass of the exhibition schedule and the ...

USD prepared for track meet at Oregon  story with video  Aug. 28

Augie Vikings feeling more confident  story with video  Aug. 28

Kim Nelson looks forward to opener against BV  story with video  Aug. 28

Vikes, Bridgewater prepare for Titans  story with video  Aug. 28

Birds fall in 9th to Saltdogs  story with video  Aug. 27

KDLT Sports Stories
Back To Top