3 ms·
> I do know that explicitly raising prices to cover fees for card using customers is against most merchant account terms of service and you can report retailers
by icebraining 7y ago
> I do know that explicitly raising prices to cover fees for card using customers is against most merchant account terms of service and you can report retailers that do so.
That's no longer the case after Visa, Mastercard, etc were sued[1] and reached a settlement in 2013 disallowing those terms. A few states have passed laws to reimpose that rule, but most haven't, afaik.
[1] https://en.wikipedia.org/wiki/Payment_Card_Interchange_Fee_and_Merchant_Discount_Antitrust_Litigation https://en.wikipedia.org/wiki/Payment_Card_Interchange_Fee_a...