Visa’s Fees on Charitable Contributions
As the tragedy in Haiti unfolds, Americans are generously donating millions of dollars to aid organizations. But when Americans donate to charity with their credit cards, the credit card companies are (in some cases) getting rich … keeping 3% of the donation as a “transaction fee”. That percentage is far more than it costs them to process the donation.
Should credit card companies charge for charitable donations (seattletimes.nwsource.com)
For Haiti, Should Credit Card Companies Waive Processing Fees? (alan.com)
Be careful when donating to Haitian relief efforts (seattlepi.com)
Some Card Fees Waived for Haiti Aid (bucks.blogs.nytimes.com)
The VISA Credit Card Scam: From Now On, Use Your PIN! (pindebit.blogspot.com)