Re:Anatomy of a credit card rewards program
by Danjoe4 on Thursday April 04, 2024 @10:02AM
(#39930533)
It is against VISA ToS. Small businesses can risk it but large businesses would get sued and VISA would refuse to do business with them
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Re:Anatomy of a credit card rewards program
by sgerenser on Thursday April 04, 2024 @01:49PM
(#39933710)
Nope, not against VISA ToS. Post you're replying to indicates it's no longer "illegal" but it was never actually illegal to charge a surcharge, it was just disallowed by ToS. This is no longer the case as of 2013 and retailers are now free to charge a surcharge if they so choose.
Re:Anatomy of a credit card rewards program
by miroljub on Friday April 05, 2024 @10:10AM
(#39942574)
You are referring to the USA here. In most parts of Europe / EU it's actually still illegal for vendors to discriminate on price based on the type of payment.
It's newly illegal, and even that's only since the interchange fees were capped by the European Commission to a maximum of 0.3%/0.2%.
As far as I know they're also allowed to charge surcharges for non-capped cards (e.g. business/commercial cards, three-party schemes like Amex etc.)