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Showing posts with label finance infographic. Show all posts
Showing posts with label finance infographic. Show all posts

February 14, 2011

The Top 5 Frustating Fees we cant Stop Giving has come out with a   thought provoking infographic on the fees which  we can do nothing about which is really very frustrating as users;And credit card interchange fees are just the beginning of the list of maddening fees

credit card interchange fee. Every time you purchase an item at a store, anything from a can of pop to a flat-screen TV, the credit card companies suck up 2 percent of that purchase’s price. That’s 2 percent of a sale that the retailer loses. How do retailers make up for this lost income? That’s right, they increase their prices, penalizing not the credit card companies but you, their customer

.There are also foreign transaction fees. Credit card companies charge these whenever their customers use their credit cards in foreign countries. They say they charge these fees as a way to fight fraud, but the fees also bring them extra revenue. It’s unclear exactly what the fees allow credit card companies to do.

If you don’t like paying extra fees, do everything you can to avoid online ticket site Ticketmaster. This giant company not only charges customers for the tickets to concerts and sporting events that they buy, it also tacks on big charges that it calls facility fees, convenience fees and order-processing fees. Ticketmaster will even charge you for printing out your tickets.

February 13, 2011

February 4, 2011