04 Oct '11, 4am

Restaurant Chain Takes High Banking Fees From Servers' Tips | Care2 Causes

Restaurant Chain Takes High Banking Fees From Servers' Tips | Care2 Causes

Banks have been taking some highly controversial moves in order to make up lost revenue that they can no longer gather thanks to the regulation of “swipe fees” when customers use their banking cards. But banks aren’t the only ones turning to the people with the least amount of funds in order to make sure they don’t lose their margin of profit. Parasole restaurant chain in Minneapolis is trying to recoup their own lost finances from increased banking and credit card fees — not by raising prices, but by taking it out of their servers’ credit card tips. According to City Pages, a restaurant employee informed them that the owners of the chain have announced to the serving staff in their five Twin Cities restaurants that a new policy will be put in place where 2 percent of each waitstaff’s credit card tips will go back to the restaurant to compensate for the fees associated wit...

Full article: http://www.care2.com/causes/restaurant-chain-takes-bankin...

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