Talk of The Villages Florida - View Single Post - Is there a charge to the Merchant when you use a Gift Card?
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Old 06-05-2023, 06:06 PM
EdFNJ EdFNJ is offline
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Quote:
Originally Posted by Pugchief View Post
Pretty sure that UPcharging for using credit is legal everywhere. There was a lawsuit against Visa/MC a few years back. Merchants are allowed to surcharge up to, but not exceeding, their card processing rate. This rate varies wildly, from 1% or below for big retailers like Walmart and Amazon, to 5% for small low volume retailers.
Yea, now it is up to each state. We HAD BEEN a "small retailer" for over 30 years and it was not allowed at that time. Our rate varied monthly based on volume and type of card (Amex was a killer). Connecticut and Massachusetts still don't allow it but now it seems the rest all do. It seems, after Googling, the change took place in/after 2013 which was just after we stopped being a "small retailer" and stopped being concerned about it.
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