Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
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Recently, some merchants are charging about 3 percent of their bill to the customer for the privilege of accepting a credit card payment. Typically, the merchant has a contract with the bank to pay a small percentage for each credit card transaction processed by the bank. For this fee, the merchant receives the following benefits:
1. Since the credit card transaction is a loan, the bank assumes the risk of collecting the amount due from the customer. However, the merchant receives the amount of the transaction in full from the bank, even if the customer defaults on the loan. 2. The merchant is able to benefit from an increase in business because more people are able to pay the merchant by using a credit card, instead of cash. Also, the merchant benefits from any marketing activity the bank conducts to promote the credit card and any rewards program offered. Now, some merchants want to receive these benefits, but they don't want to pay for them. Rather, they want you, the customer, to pay the entire cost to the bank for these benefits. In my opinion, this is a ripoff, and I refuse to pay for the merchant's benefits. If they want the benefits, then they should pay for them. I choose to pay cash instead. |
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#2
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#3
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#5
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& also keep in mind, most every CC transactions has 5 parties. The Merchant, the customer, the transaction company (there are only a few of these), the bank & the CC servicer. Everyone is getting a piece of the action. |
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#7
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Here is a good summary of the law... Florida Credit Card Surcharge Laws (2026) — Rules, Caps & Cash Discount | CheckMyFees.com
Credit card surcharge Legal — former ban struck down in court Maximum surcharge 3% (card network cap — no enforceable state cap) Debit & prepaid cards Never — prohibited nationwide by federal rules and card networks, in every state Cash discount / dual pricing Legal — permitted in all 50 states with a compliant structure Disclosure ALL merchants — Card network rules: post notice at store entry and point of sale, show the surcharge as a separate line item on every receipt, and give your processor 30 days' notice before starting. FOOD SERVICE ESTABLISHMENTS (restaurants, hotels, caterers, food trucks, etc.) Additional requirements effective July 1, 2026 under Fla. Stat. §509.214 (SB 606): disclose the surcharge amount/percentage and its purpose on menus, websites, apps, and written contracts in font no smaller than menu item text; note the charge on the face of the bill; and itemize the surcharge as a separate receipt line. Enforcement by Florida DBPR. |
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#8
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All merchants have to display by law said credit card changes so each
customer needs to know when and what is being charged before paying any bill. I am so guilty of not paying attention for these charges. |
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#9
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__________________
Reading is more important than posting. |
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#11
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