3 ms·

It’s been mostly legal to charge credit card surcharge fees since 2013. https://www.lexology.com/library/detail.aspx?g=5c6e1264-42a8-4ab0-ba95-f44699f927fe http

It’s been mostly legal to charge credit card surcharge fees since 2013. https://www.lexology.com/library/detail.aspx?g=5c6e1264-42a8-4ab0-ba95-f44699f927fe https://www.lexology.com/library/detail.aspx?g=5c6e1264-42a8... The real reason that most merchants don’t charge surcharges is that they don’t want to lose the sale, calculating the actual interchange is wildly complex and in general they prefer cards to cash.

pkaeding 3y ago
There are definitely a good number of small businesses around me (cafes, and similar places) that offer a cash discount. They don't have a sign offering it, but when I pull out cash, they revise the price down.
- bombcar 3y ago
  More and more small places around here are explicitly offering the discount either with a “3% less if you pay cash” but more commonly now a “listed prices are cash or debit, credit pays more”. It’s a noticeable fee for them.
Danjoe4 3y ago
It is against VISA ToS. Small businesses can risk it but large businesses would get sued and VISA would refuse to do business with them
- sgerenser 3y ago
  Nope, not against VISA ToS. Post you're replying to indicates it's no longer "illegal" but it was never actually illegal to charge a surcharge, it was just disallowed by ToS. This is no longer the case as of 2013 and retailers are now free to charge a surcharge if they so choose.
  - miroljub 3y ago
    You are referring to the USA here. In most parts of Europe / EU it's actually still illegal for vendors to discriminate on price based on the type of payment.
    - lxgr 3y ago
      It's newly illegal, and even that's only since the interchange fees were capped by the European Commission to a maximum of 0.3%/0.2%. As far as I know they're also allowed to charge surcharges for non-capped cards (e.g. business/commercial cards, three-party schemes like Amex etc.)

3 ms·

It’s been mostly legal to charge credit card surcharge fees since 2013. https://www.lexology.com/library/detail.aspx?g=5c6e1264-42a8-4ab0-ba95-f44699f927fe http

by kasey_junk 3y ago

pkaeding 3y ago
There are definitely a good number of small businesses around me (cafes, and similar places) that offer a cash discount. They don't have a sign offering it, but when I pull out cash, they revise the price down.
- bombcar 3y ago
  More and more small places around here are explicitly offering the discount either with a “3% less if you pay cash” but more commonly now a “listed prices are cash or debit, credit pays more”. It’s a noticeable fee for them.
Danjoe4 3y ago
It is against VISA ToS. Small businesses can risk it but large businesses would get sued and VISA would refuse to do business with them
- sgerenser 3y ago
  Nope, not against VISA ToS. Post you're replying to indicates it's no longer "illegal" but it was never actually illegal to charge a surcharge, it was just disallowed by ToS. This is no longer the case as of 2013 and retailers are now free to charge a surcharge if they so choose.
  - miroljub 3y ago
    You are referring to the USA here. In most parts of Europe / EU it's actually still illegal for vendors to discriminate on price based on the type of payment.
    - lxgr 3y ago
      It's newly illegal, and even that's only since the interchange fees were capped by the European Commission to a maximum of 0.3%/0.2%. As far as I know they're also allowed to charge surcharges for non-capped cards (e.g. business/commercial cards, three-party schemes like Amex etc.)