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More states consider ban on credit card surcharges

Credit Cards

Charge a fee to use your credit card? It’s legal for merchants to do that, unless barred by state law. Charge a fee to use your credit card? It’s legal for merchants to do that, unless barred by state law. Ten states already ban such surcharges – California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas – and more may join the list.

 

Merchants can now charge consumers for using their credit cards at checkout - up to 4%

Credit Cards

Starting Sunday, paying by credit card could get more expensive. Under the terms of a $7.2 billion settlement reached last summer between credit card companies and merchants, merchants will be free to impose a surcharge on customers paying by credit card.

 

Visa, MasterCard OK $7.3 billion settlement

Credit Card

Visa, MasterCard and major banks have agreed to pay $7.3 billion to millions of merchants to end a dispute over card fees.

 

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