Credit-Card Backlash Mounts as Kroger Weighs Expanding Visa Ban

Re:Credit-Card Backlash Mounts as Kroger Weighs Expanding Vi... by pwg on Wednesday August 01, 2018 @07:44AM (#17661580)

> A lot of problems would go away if all merchants (voluntarily or by law) explicitly charged their payment costs to the customer.

At least in the US, the contract the retailer signs with the CC processor to be able to accept CC's explicitly bans passing the card fees on to the customer as a specific line item in the receipt.

Which really translates to the merchant increaseing their prices by 1.02x to compensate for the 2% (avg. estimate) fee the cards charge. So the customer still pays, but they do not directly see what part of the price goes directly to the payment network.

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Re:Credit-Card Backlash Mounts as Kroger Weighs Expanding Vi... by _archon_ on Wednesday August 01, 2018 @08:13AM (#17661746)

What prevents a seller from giving a cash discount line item for cash transactions?

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Re:Credit-Card Backlash Mounts as Kroger Weighs Expanding Vi... by pwg on Wednesday August 01, 2018 @11:01AM (#17663073)

Nothing, anymore, in the US at least. A court case a few years back resulted in retailers having the right to offer an "X% off if paying with cash" discount to customers.

But they are still barred from doing the reverse (line item for X% more for CC transaction on the receipt).

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Re:Credit-Card Backlash Mounts as Kroger Weighs Expanding Vi... by frockington on Wednesday August 01, 2018 @10:38AM (#17662851)

Probably wouldn't be the best idea from a business perspective to make it more inconvenient for people with high rewards cards (rich people)

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