WOKV's Consumer Warrior Clark Howard breaks down impacts of potential Visa fee increase

Jacksonville, FL — This summer, you may notice some higher prices if you like to shop online.

WOKV's Consumer Warrior Clark Howard says Visa is expected to raise fees this summer on transactions when a card is not present, like over the phone or online.

"The merchants that accept Visa cards will not have a choice, unless they're a giant enterprise like Walmart or Amazon," says Howard.

Howard says that's because these bigger businesses will likely be able to negotiate a better deal with Visa. But he says smaller businesses will be hit hard.

"If you are a customer, smaller businesses may have to bump up prices some to deal with this," warns Howard.

Howard says this could mean buying products online would be more expensive than in store to account for the fee increase.

Get more consumer news and budget advice from Clark Howard in his latest on-demand podcasts by clicking HERE.