Surcharge on Credit Cards, now passed along to customers?
Visa, MasterCard and 9 Major banks recently
agreed to a $multi-billion dollar deal that allows merchants to add a surcharge to purchases when paid via Credit Card. This was due to a lawsuit claiming price fixing by the major card brands.
Under this new agreement retailers can
add a surcharge of up to 4% to consumers when paying via Credit card at their respective businesses. The surcharge
does not include Debit Card or American Express purchases.
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