Apparently, the fee is only for point of purchase swipes of the card, not ATM. So BoA customers can just go take out $xx, then head to the stores.
Merchants used to have to pay some minor fee for cards used in their stores. The Congress in its finite wisdom wrote that out in its latest laws, so the bank(s) will compensate one way or another for that income.
The fine critters in Congress just put more financial burden on the consumers. Way to go, you idiots! How dumb can they be when they didn’t realize that the banks would pass this loss of revenue on to their customers? Maybe they did know.
BTW, credit cards charge shop owners a 3% charge on transactions.
Many shop owners will take 3% off of a purchase if you use cash and ask for the reduction.
They NEVER advertise that they are willing to take 3% off for cash.