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Visa and Mastercard do very explicitly allow cash discounts. https://usa.visa.com/content/dam/VCOM/global/support-legal/documents/merchant-surcharging-qa-for-w
by WrongAssumption 2y ago
Visa and Mastercard do very explicitly allow cash discounts.
https://usa.visa.com/content/dam/VCOM/global/support-legal/documents/merchant-surcharging-qa-for-web.pdf https://usa.visa.com/content/dam/VCOM/global/support-legal/d...
What they didn’t allow previously was adding a surcharge to credit transactions. But regulation forced them to allow that as well. So not the best example overall.
- supergeek133 2y agoThe State of MN stopped accepting certain credit cards for many DMV type activities, and now only accept ones that allow an explicit surcharge (Visa, Mastercard, Discover, Amex).
- hot_gril 2y agoWith the important caveat that the surcharge can't be more than 3% or the fee, whichever is lowest. Is there a similar caveat for cash discounts?
- tumetab1 2y ago> Limit surcharging to credit cards only (debit cards and prepaid cards cannot be surcharged) This is just one of conditions, being "allowed" is very limited.