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A comment on Visa and Mastercard agree to lower average credit card interchange fee below 1%. Parent comment

Re:Visa and Mastercard agree to lower average credit card in... by arcticbull on Friday May 19, 2023 @03:35AM (#35998881)
Parent provided you a link explaining how this changed 10 years ago. You are unequivocally allowed in the United States to pass along credit card surcharges. It's permitted by law, and it's permitted by merchant agreements!

If you don't believe parent, and you don't believe me, I hope you believe Visa's own FAQ.

> Q. Can I add a surcharge to card transactions?

> As a result of a legal settlement to resolve claims brought by a group of U.S. merchants, merchants in the U.S. and U.S. territories may add a surcharge to certain credit card transactions, starting January 27, 2013. Merchants who choose to surcharge must follow consumer disclosure and other requirements agreed to as part of the settlement.

[1] https://usa.visa.com/dam/VCOM/download/merchants/surcharging...

[ Parent | on HN ]
Re:Visa and Mastercard agree to lower average credit card in... by withinboredom on Friday May 19, 2023 @03:48AM (#35998959)
Hmm, I think we are talking past each other. It isn't allowed without notice to MC/Visa, the cap is ~4% of the total, IIRC (which is usually far less than what I remember seeing when I last reported it a few years ago), and they require advance notice to the customer (before consumption) along with a line-item on the receipt.

Just because it is legal, doesn't mean they are doing it right -- and in my limited experience, they usually aren't.

[ Parent | on HN ]
Re:Visa and Mastercard agree to lower average credit card in... by bombcar on Friday May 19, 2023 @08:54AM (#36001340)
They’re doing all of the above correctly, it’s placarded, and it’s obvious that since it’s all done similarly that there’s groups detailing how to do it.
[ Parent | on HN ]