There was a piece about excessive surcharges in the paper the other day. It said that many companies, especially airlines are using credit card surcharges to make more profit.
I thought that banks had a clear description on how much surcharge businesses can apply, but apparently there is no such restriction. Businesses are overcharging credit card users and not even informing them.
I think these surcharges were not introduced to penalize credit card users. I'm sure it's intended to improve business. Unfortunately, it has turned out to be a burden on buyers. I just hope that restrictions will be placed on credit card surcharges as soon as possible.
Maybe businesses should be required to report the original cost of their products and services as well as the surcharge that was charged. And if the surcharge is above a certain percentage of the original cost, that business should be penalized somehow. I think this would solve the problem.