The $100M school lunch scam: how parents are cheated EVERY time they pay for their kids' meals
Daily MailMany parents barely notice the processing fees when they use the pre-paid system to cover their children's school lunches. More schools are turning to cashless systems that parents use to pre-pay for their kid's lunches Rohit Chopra, director of the Consumer Financial Protection Bureau, says the systems often push 'excessive fees' on hard-up families As more schools turn to cashless payment systems, district chiefs have contracted with processing firms that charge as much as $3.25 or 4-5 percent per transaction, CFBP says. She was already dealing with high medical bills in 2020 when she noticed she was being charged a $2.49 'program fee' each time she loaded money onto her daughter's school lunch account. Parents can pay as much as $3.25 to add funds to their child's school lunch payment account Some 20 companies provide such systems to schools, but just three firms — MySchoolBucks, SchoolCafe, and LINQ Connect — dominate the market, researchers found.