3 ms·

> rand() % added to debit/credit charges (even tho we're technically not allowed to) Citation needed? This sounds like one of those myths like "not accepting c

> rand() % added to debit/credit charges (even tho we're technically not allowed to) Citation needed? This sounds like one of those myths like "not accepting cash (for purchases, not debts) is illegal!" - I couldn't find anything searching online to support this claim. Or are you referring to stores that don't advertise this surcharge upfront and surprise you with it?

citizenkeen 4y ago
https://www.merchantmaverick.com/credit-card-surcharges/ https://www.merchantmaverick.com/credit-card-surcharges/
- cmeacham98 4y ago
  > As of mid-2021, only two states and one US territory don’t allow credit card surcharges. My bad, I wasn't aware of these exceptions. I'd argue characterizing it as illegal when it's legal in 48 states is a little misleading though.
  - shkkmo 4y ago
    It is misleading because it is out of date but absolutely used to be true (or atleast put forward as true by the CC companies in their contracts), so isn't really a "myth" like you say. > After a decade of fighting in court, the merchants involved in the suit, along with the card networks, reached an expensive settlement — and more importantly, the lawsuit laid the groundwork for merchants to recoup some of the costs associated with credit card transactions. The card associations have changed their rules as a result of the lawsuit. The legal situation is still complicated so it is perfectly understandable that there is some confusion and people think the old rules apply.
    - lotsofpulp 4y ago
      It has been over 10 years since Dodd Frank made cash/debit card discounts explicitly legal. http://www.ftc.gov/business-guidance/resources/new-rules-electronic-payments-lower-costs-retailers http://www.ftc.gov/business-guidance/resources/new-rules-ele... This is effectively the same as saying credit card surcharges are legal.
      - shkkmo 4y ago
        > This is effectively the same as saying credit card surcharges are legal. They are functionally similar but not effectively the same. Most notably, you couldn't vary the discount based on card type, which makes it useless when negotiating fees with specifiv PCNs. This is precisely why there was a class action antitrust lawsuit, the settlement for which required PCNs (specifically Visa and Mastercard) to change their terms to allow surcharges.

citizenkeen 4y ago

https://www.merchantmaverick.com/credit-card-surcharges/ https://www.merchantmaverick.com/credit-card-surcharges/

cmeacham98 4y ago
> As of mid-2021, only two states and one US territory don’t allow credit card surcharges. My bad, I wasn't aware of these exceptions. I'd argue characterizing it as illegal when it's legal in 48 states is a little misleading though.
- shkkmo 4y ago
  It is misleading because it is out of date but absolutely used to be true (or atleast put forward as true by the CC companies in their contracts), so isn't really a "myth" like you say. > After a decade of fighting in court, the merchants involved in the suit, along with the card networks, reached an expensive settlement — and more importantly, the lawsuit laid the groundwork for merchants to recoup some of the costs associated with credit card transactions. The card associations have changed their rules as a result of the lawsuit. The legal situation is still complicated so it is perfectly understandable that there is some confusion and people think the old rules apply.
  - lotsofpulp 4y ago
    It has been over 10 years since Dodd Frank made cash/debit card discounts explicitly legal. http://www.ftc.gov/business-guidance/resources/new-rules-electronic-payments-lower-costs-retailers http://www.ftc.gov/business-guidance/resources/new-rules-ele... This is effectively the same as saying credit card surcharges are legal.
    - shkkmo 4y ago
      > This is effectively the same as saying credit card surcharges are legal. They are functionally similar but not effectively the same. Most notably, you couldn't vary the discount based on card type, which makes it useless when negotiating fees with specifiv PCNs. This is precisely why there was a class action antitrust lawsuit, the settlement for which required PCNs (specifically Visa and Mastercard) to change their terms to allow surcharges.