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Convenience Fee

That Credit Card 'Convenience Fee' May Be Illegal

MyBankTracker | Posted 05.13.2014 | Money

When a small mom-and-pop shop slaps on a small "convenience fee" for an in-store purchase with a credit card, it is likely confusing the term for a surcharge. Under a 2012 ruling, merchants cannot impose a credit card surcharge of more than 4 percent of the transaction.