Why You Should Always Check Your Receipt When You Pay with Your Chip Credit Card
You might be getting charged extra
The next time you insert your chip credit card into one of those new readers at the store, you may want to take a minute to check your receipt.
Here’s why: There’s a chance you could be getting charged an extra service fee to help the business you’re shopping at offset the cost of installing modern chip technology. (FYI, credit-card companies are requiring all retailers to install chip readers to protect against fraud.)
Yep, a business in Michigan actually enlisted the help of Zero Fee Solutions, a company that swaps out the credit card processing fees that stores would normally pay and shifts them over to the customer instead. Yikes.
Of course, not all businesses are resorting to this tactic, but it never hurts to quickly scan your receipt. The more you know.