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We need a global ban on junk fees. I am tired of shit like AT&T's "Administrative & Regulatory Cost Recovery Fee".
by flowerlad 5d ago
We need a global ban on junk fees. I am tired of shit like AT&T's "Administrative & Regulatory Cost Recovery Fee".
- tossandthrow 5d agoI honestly think a us ban would get us quite far, also in a global setting.
- rightnutwingjob 5d agoYou can’t ban business from passing on their costs to their customers. Australia just tried this by banning businesses from charging a card use surcharge. You really reckon business aren’t going to then just wrap the cost of card service / merchant fees in to every product, thereby hurting those who pay with cash? Hint: that’s exactly what businesses are doing. I know because I asked them. Maybe stop voting for politicians who believe they can tax and regulate an economy to growth and productivity.
- tikhonj 5d agoA fee for a specific service (ie using a card vs using cash) is pretty different from unavoidable junk fees. As long as a fee like that is advertised up-front it's totally fine; but fees that everybody has to pay are a qualitatively different thing because they are just a way to get a misleadingly low sticker price for the product.
- inglor_cz 5d agoOn one side, I fully understand that. On the other side, if this really reflects the cost of compliance, maybe this is the only way to signal the voter that the "there ought to be a law" approach has some downsides to it.
- dmitrygr 5d agoSolution: you may put it on the receipt, but the price you advertise must be final all-in. Gas stations manage it just fine. Advertised price is what you pay, but receipt shows the taxes
- flowerlad 5d agoHow would you like it if you rented a VM from AWS, and in the bill they added fees for employee health insurance, social security and medicare? That's a cost of compliance too!
- georgemcbay 5d agoIn the US we were well on the way to substantial national bans on these types of junk fees under the Biden administration's CFPB, Khan's FTC, etc and then Trump reversed everything a few months into his current term. Being ripped off by large corporations at every transaction is what "owning the libs" looks like for your life in practice, but hey at least you can say slurs on twitter now!
- pishpash 5d agoThis isn't a ban on junk fees. It's an upfront disclosure requirement.
- throw8383939 5d ago[flagged]