Credit Card Processing Companies Complaint - Credit Card Processing Fees
LAKE ELSINORE, CALIFORNIA -- I would like to know who we complain to regarding the fee's that credit card processing companies charge. I own a small business and for convenience of my customers I take credit cards for payment. I can never process a payment that arrives in the "qualify" category and find that even though I enter the payment following all of the guide lines stipulated by the processing company I still fail to process, ever, under the "qualify" rate. The credit card processing companies make money off of my sales transaction, the credit card issuer makes money off of the sales transaction and the purchaser receives frequent flier miles and bonus back points and I "PAY" for this transaction at the tune of about $6000.00 a year and get nothing for it but a receipt that the product has been paid for. This is wrong in so many ways, when I take a check to the bank to deposit it, they don't charge me to deposit it. Why should a processing company get these outrageous rates monthly? The Government is pushing everyone to use credit cards for various purchases and yet the small business man is paying out the nose for this, and it is illegal to charge the customer for the credit card processing fee's. I don't get bonus points or frequent flier miles to take a credit card, nor do I get interest for taking the credit card for payment. This is just wrong in so many ways. The person taking the credit card should not be charged at all, the person that is using the card should pay the processing fee's.