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>I fully support merchants being able to charge more for card or give a discount for cash. The fact they haven't been able to for 3+ decades This is false. Me

>I fully support merchants being able to charge more for card or give a discount for cash. The fact they haven't been able to for 3+ decades This is false. Merchants in the US have been able to give cash/debit card discounts since Oct 2011. I would be surprised if Europe did not have similar rules even before the US. https://www.ftc.gov/business-guidance/resources/new-rules-electronic-payments-lower-costs-retailers https://www.ftc.gov/business-guidance/resources/new-rules-el... The reason many merchants do not is because they want to bet that people are able and willing to spend more when people pay with a credit card, as opposed to cash/debit card. Note that many larger merchants do give discounts for paying with cash/debit, such as ATT/Target/governments/insurance companies/etc.

sofixa 3y ago
Idk about Europe in genera, but in France you cannot have different prices for cash/card. There can be (and often used to be) a minimum amount to pay with card, but that's it. But do note that card fees are capped at 0.3% max for credit cards, so negligible in the grand scheme of things. Banks used to charge an arm and a leg for a terminal though, but a bunch of startups like SumUp broke that oligopoly and even random small stands in fairs propose card payments via them "for free".
apex3stoker 3y ago
From this https://www.prnewswire.com/news-releases/us-merchants-enter-into-landmark-class-action-settlement-with-visa-and-mastercard-to-eliminate-anti-competitive-restraints-and-reduce-swipe-fees-302099552.html https://www.prnewswire.com/news-releases/us-merchants-enter-... The old settlement allows giving discounts to cash, to debit cards etc, but it doesn’t allow giving discounts to visa/Mastercard issued by particular banks/businesses. The new settlement will allows merchants to pass the fees directly to consumers on issuer level thereby disclosing the fee of each card and promoting the transparency. Consumers can understand the cost associated with each card and make their tradeoffs Interestingly there is a call out on the 2018 American Express SCOTUS judgement. I don’t understand that very well. > Merchants can charge for using a Visa or Mastercard credit card, regardless of whether they can charge for using American Express, whose rules for merchants were upheld by the Supreme Court in 2018.
- lotsofpulp 3y ago
  It was not an old settlement, it was federal legislation (Dodd Frank 2010). The 2018 Ohio v Amex ruling is about steering provisions not violating anti trust laws. Basically, Supreme Court ruled that AmEx could prohibit merchants from offering cheaper prices to Visa/Mastercard/Discover credit card users. https://en.wikipedia.org/wiki/Ohio_v._American_Express_Co https://en.wikipedia.org/wiki/Ohio_v._American_Express_Co. This ruling was actually very beneficial for tech companies. It would be funny if, due to this settlement being only for Visa/Mastercard, merchants can charge different prices for using Visa or Mastercard credit cards, but American Express credit card users still gets to enjoy the lowest credit card price, while American Express gets to enjoy the highest credit card merchant fees.

sofixa 3y ago

Idk about Europe in genera, but in France you cannot have different prices for cash/card. There can be (and often used to be) a minimum amount to pay with card, but that's it. But do note that card fees are capped at 0.3% max for credit cards, so negligible in the grand scheme of things. Banks used to charge an arm and a leg for a terminal though, but a bunch of startups like SumUp broke that oligopoly and even random small stands in fairs propose card payments via them "for free".

apex3stoker 3y ago

From this https://www.prnewswire.com/news-releases/us-merchants-enter-into-landmark-class-action-settlement-with-visa-and-mastercard-to-eliminate-anti-competitive-restraints-and-reduce-swipe-fees-302099552.html https://www.prnewswire.com/news-releases/us-merchants-enter-... The old settlement allows giving discounts to cash, to debit cards etc, but it doesn’t allow giving discounts to visa/Mastercard issued by particular banks/businesses. The new settlement will allows merchants to pass the fees directly to consumers on issuer level thereby disclosing the fee of each card and promoting the transparency. Consumers can understand the cost associated with each card and make their tradeoffs Interestingly there is a call out on the 2018 American Express SCOTUS judgement. I don’t understand that very well. > Merchants can charge for using a Visa or Mastercard credit card, regardless of whether they can charge for using American Express, whose rules for merchants were upheld by the Supreme Court in 2018.

lotsofpulp 3y ago
It was not an old settlement, it was federal legislation (Dodd Frank 2010). The 2018 Ohio v Amex ruling is about steering provisions not violating anti trust laws. Basically, Supreme Court ruled that AmEx could prohibit merchants from offering cheaper prices to Visa/Mastercard/Discover credit card users. https://en.wikipedia.org/wiki/Ohio_v._American_Express_Co https://en.wikipedia.org/wiki/Ohio_v._American_Express_Co. This ruling was actually very beneficial for tech companies. It would be funny if, due to this settlement being only for Visa/Mastercard, merchants can charge different prices for using Visa or Mastercard credit cards, but American Express credit card users still gets to enjoy the lowest credit card price, while American Express gets to enjoy the highest credit card merchant fees.