News for hackers. Stuff that matters.

A comment on The Fed Is Behind the Capital One/Discover Merger. Parent comment

Re:The Fed Is Behind the Capital One/Discover Merger by kelnos on Thursday February 22, 2024 @11:46PM (#39477076)
Strange, I've seen quite a few merchants that do the card surcharge thing, and no one seems to complain.
[ Parent | on HN ]
Re:The Fed Is Behind the Capital One/Discover Merger by rrrrrrrrrrrryan on Friday February 23, 2024 @04:03AM (#39478480)
The Supreme Court settled it in 2017 actually - surcharges are fine now:

https://archive.is/eYB5W

They basically said a surcharge for credit is effectively the same thing as a discount for cash, and because of freedom of speech, merchants are free to communicate the difference to their customers either way.

[ Parent | on HN ]
Re:The Fed Is Behind the Capital One/Discover Merger by sidewndr46 on Friday February 23, 2024 @08:25AM (#39480280)
But is a payment processor required to process charges from a vendor stating they have a surcharge?
[ Parent | on HN ]
Re:The Fed Is Behind the Capital One/Discover Merger by oohffyvfg on Friday February 23, 2024 @11:25AM (#39482642)
only took them a few decades
[ Parent | on HN ]