Industry | 2013.02.01
Linda Sherry of Consumer Action Available to Explain What Consumers Need to Know About “Checkout Fees,” or Merchant-imposed Surcharges
WASHINGTON--(BUSINESS WIRE)--Beginning January 27, 2013, consumers may begin seeing merchants charge a “checkout fee,” or merchant-imposed surcharge, when paying with a credit card. As part of a major class action settlement between retailers and the payments industry, Visa and MasterCard agreed to retailer demands that they remove their longstanding “no surcharge rule” which protected consumers from these fees. Without this rule, all merchants – regardless of size – are now free to impose these
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