An anti-trust settlement between merchants, credit card companies, and banks has cleared the way for retailers in 40 US states to add surcharges to credit card payments, Reuters reports. It's up to individual retailers to decide whether to apply the fee — which can be equal to the cost of accepting cards — and as Reuters notes, the fees will still be illegal in California, new York, Texas, and seven other states, and won't apply to debit card purchases. The suit dates back to 2005, when merchants accused Mastercard, Visa, and other companies of conspiring to fix credit card fees charged to merchants. Historically, merchants have footed the bill for credit card transactions, and some have argued that cash users also end up footing the...
via The Verge - All Posts http://www.theverge.com/2013/1/29/3929278/credit-card-surcharge-authorized
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