“Cash or credit?” Fairly straightforward question; however, your answer may be changing to “Cash” after this weekend. A settlement between credit card processors (Visa and MasterCard) and merchants allow businesses to tack on surcharges for credit card purchases. Typically, these charges range between 1.5% to 3% of your purchase. For instance, if you charge $20 on your card, the cost to the merchant to process the transaction is $0.60. Under the settlement agreement, merchants now have the option of passing along these surcharges to consumers. Will these surcharges happen overnight? Unlikely. Many large merchants with healthy profit margins may forgo this pass-through expense as they do not wish to alienate customers. However, smaller merchants with slim margins are more than likely to start collecting fees sooner rather than later. To learn more about these fees, read New Credit Card ‘Checkout Fee’ Arrives This Weekend.