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New Credit card surcharge

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New Credit card surcharge

Credit card surcharge: New 4% credit card fee for customers in January 2013
Most customers are surprised to find out that there is a new 4% credit card surcharge when they pay with a credit card; online and in stores. Merchants are now legally allowed to charge customers up to an extra 4% for using their credit cards according to a Time Jan. 25, 2013, report.

“Starting on Sunday, retailers will be allowed to tack a surcharge of up to 4% extra onto your tab if you want to pay with a credit card.”

For years, most credit card issuers have been charging merchants “so-called interchange fees” which earned credit card companies a lot of money.

Read More: https://www.examiner.com/article/credit-c…nuary-2013

3 thoughts on “New Credit card surcharge

  1. I would like to know why NJ was not one of the states to make this illegal.

  2. The politicans are probably too deeply invested to allow such a thing.

  3. because #1 NJ is run by crooks and has been for a very long time

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