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As of January 27, 2013, Visa and Mastercard allow credit card surcharges. Prior to this I believe merchant agreements did allow for cash payment discounts, just
by dubfan 12y ago
As of January 27, 2013, Visa and Mastercard allow credit card surcharges. Prior to this I believe merchant agreements did allow for cash payment discounts, just not "surcharges", even though they are practically the same thing.
http://www.mastercard.us/merchants/support/surcharge-rules.html http://www.mastercard.us/merchants/support/surcharge-rules.h...
http://usa.visa.com/personal/get-help/checkout-fees.jsp http://usa.visa.com/personal/get-help/checkout-fees.jsp
- deleted 12y ago[deleted]
- mpyne 12y agoI thought that even that concession was due to a court ruling or other regulatory finding, wasn't it?
- PeterisP 12y ago... only in USA, and only because forced by laws/litigation.
- wpietri 12y agoIt was a long time ago that I worked a register, but at one point merchant agreements definitely disallowed cash discounts. I knew because on a slow day I actually read the fine print. The boss, correctly, didn't care that their discount for cash was forbidden, but I was young enough to be a little scandalized.