News for hackers. Stuff that matters.

A comment on Visa, Mastercard mull increasing fees for processing transactions: WSJ. Parent comment

Re:Visa, Mastercard mull increasing fees for processing tran... by nemothekid on Friday February 15, 2019 @07:41PM (#19176171)
It is my understand that Visa/MC won't be happy if you offer discounts for Cash (meaning they won't let you process any Visa/MC card).
[ Parent | on HN ]
Re:Visa, Mastercard mull increasing fees for processing tran... by EpicEng on Friday February 15, 2019 @10:12PM (#19176813)
The posted price has to be the CC price, but retailers can offer a cash discount. They don't want to see a CC surcharge.

https://www.cardfellow.com/blog/cash-discount-eliminate-proc...

[ Parent | on HN ]
Re:Visa, Mastercard mull increasing fees for processing tran... by CardFellow on Friday February 15, 2019 @11:44PM (#19177113)
Nah, they've been fine with cash discounts for a long time. They only became okay with surcharging / adding a fee for cards as a result of a lawsuit in 2013. They'd still prefer businesses offer a cash discount, though. They know customers generally don't take them up on it, but also don't feel punished like they do with a surcharge.
[ Parent | on HN ]