Retailers Don’t Like Paying the Fees for Apple Card

Post by pkaye » Wed, Dec 11, 2019, 10:53 PM UTC

oasisbob wrote: post #100

pkaye wrote: post #99

Earlier quoted context omitted.

Merchants are allowed to charge a surcharge for credit card usage in the US.

IIRC, even now they're still not allowed under the network rules. A cash discount IS allowed. So, a $.10/gal cash discount for gas is OK. The register having a sign that says "we charge $.75 for card transactions under $30" is not. Not that you don't see that all the time... (It's been a while since I've drank the regulatory alphabet soup on this, could be mistaken. )

> Businesses are allowed to impose a surcharge on credit card purchases made on Visa and Mastercard, under a court settlement that took effect in January 2013.

https://www.creditcards.com/credit-card-news/what-are-my-rig...

Post by ChrisLomont » Thu, Dec 12, 2019, 1:57 AM UTC

Ninn wrote: post #41

tick_tock_tick wrote: post #31

Earlier quoted context omitted.

The same stuff

No, in the EU the user and retailer directly pay all fees, and the size of the fees and transparency is regulated.

I don't think this is true. I lived in the UK, and there were same costs for cash and card. EU laws have this statement:

>Today’s ban means that it will be unlawful for retailers to charge additional fees when someone uses a particular credit or debit card, or other payment systems like PayPal, to make a purchase. This will ensure consumers can be confident that there won’t be any nasty surprises, and they won’t be penalised for wanting to pay in a particular way.

https://www.gov.uk/government/news/card-surcharge-ban-means-...

Re: Retailers Don’t Like Paying the Fees for Apple Card

Re: Retailers Don’t Like Paying the Fees for Apple Card