Quote:
Originally Posted by frayedends
My understanding was that usually the credit card companies (Mastercard, visa, etc) prohibit a surcharge if a business is to accept the cards.
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False.
That was the case many years ago until a class action lawsuit and gooberment* intervention brought about an industry-wide change. The current law allows but does not require merchants to charge customers up to the amount of their processing fees (generally between 2-3%) to use a card.
You can choose not to pay the fee by using another form of payment or patronizing a business that does not impose the fee. Vote with your wallet and your feet.
There is no reason V/MC/Discover need to charge such high fees anymore, but that is another whole topic.
*I borrowed/stole that classic term from another poster here (forget who) so I am offing a HT on a one time basis. Thank you.