3 ms·
Merchants weren't allowed to do that before? I've seen it occasionally in the US
by Beaver117 4y ago
Merchants weren't allowed to do that before? I've seen it occasionally in the US
- kbos87 4y agoI’ve seen it occasionally too, but it’s usually a violation of a merchants’ agreement with Visa/MC, who don’t want consumers to be discouraged to pay with their product.
- jobs_throwaway 4y agoHow I usually see this is instead of a surchage for credit card, stores offer a cash discount of 2-4%. Likely to get around exactly what you're talking about
- KMag 4y agoIt used to be the case that the credit card companies put language in their merchant agreements language requiring the merchant to change the same price for credit and cash transactions. I'm not sure how many places they just lost the leverage to do that sort of thing and how many places enacted legislation to prevent that kind of strong-arming.
- lotsofpulp 4y agoIn the US, those merchant agreements were invalidated as of 2011 via the Dodd-Frank financial reform legislation.