Posthaste: Canadians balk at being forced to pay an extra fee for credit card purchases [Financial Post (Toronto, Ontario, Canada)]
Equifax, Inc. (EFX)
Last equifax, inc. earnings: 4/20 05:24 pm
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Source: Financial Post
Many Canadians, weary from a year of navigating the rising cost of living, say big companies planning to charge them a fee for paying with a credit card could end up losing their business. More than two in five people say they'd take their money elsewhere if a major retailer, airline or telecom company charged them a 1.5 per cent processing fee to use a credit card for purchases, according to a survey from the Angus Reid Institute . People are slightly more understanding when it comes to small businesses, however. A 1.5 per cent surcharge for using credit would result in 28 per cent finding another store to shop at. It's not only businesses that could suffer from the wrath of consumers forced to pay extra fees: the credit card giants face repercussions, too. Three in five people say they'd keep their credit cards in their wallet and pay with cash or debit instead if a big company tried to pass on the surcharge. In the case of small business customers, more than half would switch
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EFX
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- 4/17/24 - Beat
EFX
Sec Filings
- 4/22/24 - Form 10-Q
- 4/17/24 - Form 8-K
- 4/2/24 - Form 4
- EFX's page on the SEC website