If you shop with a credit card, merchants and retailers can now charge you a 4 percent "checkout" fee in 40 states, including Illinois.
Plainfield shoppers, beware: As of Sunday, anyone who pays with a credit card may be charged a new 4 percent added "checkout fee." The fee is legal in 40 states, including Illinois. The fee is the result of a settlement between announced last summer between credit card companies and major banks to "fix credit card processing fees with merchants." Retailers can now charge credit card users 1.5 percent to 4 percent of their total bill to cover processing costs to credit card companies. Read more about the 4 percent "checkout fee" for credit card users from International Business Times.