More states are hopping on the bandwagon, as 18 are considering banning retailers from including credit card surcharges, according to American Banker. The states proposed the ban after new rules that would allow merchants to impose surcharges on MasterCard and Visa purchases. The states considering the move are Arkansas, Hawaii, Illinois, Indiana, Kentucky, Maryland, Michigan, Missouri, Nevada, New Jersey, New Mexico, Pennsylvania,… Read More

A recent settlement between the world’s two largest processors of debit and credit card payments and a number of merchant groups allowed the latter to begin charging customers more for making payments with credit, but now a number of states are moving to ban this type of additional cost being passed on to consumers. When the settlement… Read More

Are you about to be charged an extra fee if you pay for a purchase with a credit card? Perhaps. Under the terms of a settlement between retailers and card issuers Visa and MasterCard, retailers are now allowed to tack a “surcharge” — also referred to as a ‘checkout fee’ onto credit card purchases. But… Read More