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>But this is where we get into antitrust issues. Visa imposes a 3% cap Do you have a source for this? Anecdotally, I have seen >3% charges on card payments in
by ac29 2y ago
>But this is where we get into antitrust issues. Visa imposes a 3% cap
Do you have a source for this? Anecdotally, I have seen >3% charges on card payments in B2B transactions.
- AnthonyMouse 2y agohttps://www.afslaw.com/perspectives/alerts/visa-reduces-its-merchant-surcharge-cap-3-effective-april-15-2023-merchants https://www.afslaw.com/perspectives/alerts/visa-reduces-its-... B2B transactions often have different rules. You can also nominally get around it by casting it as a "cash discount" instead of a "credit card surcharge" but that's designed to be anti-competitive too. You then have to advertise the higher price (eliminating the business merchants who accept lower cost competing payment methods would get from advertising the lower price) or produce cluttered ads full of asterisks and caveats, likewise designed to burden merchants who want to present competing payment methods as the default without refusing to accept Visa whatsoever.