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Nancy Parode

Merchants in 40 US States May Impose Credit Card Surcharges Under New Rule

By January 22, 2013

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Unless you are lucky enough to live in one of the 10 states that prohibit surcharges on credit card transactions, you may want to pay attention to storefronts and websites, beginning on Sunday, January 27. Thanks to a legal settlement that affects banks, merchants, Visa and MasterCard, merchants will be able to impose surcharges, or "swipe fees," to cover the cost of processing credit card transactions.

Opinions vary on whether merchants will actually take advantage of the new rule. On one hand, adding a surcharge might drive customers away. On the other hand, it's not hard to imagine travel providers imposing a swipe fee; after all, Ryanair charges for everything, and is still flying.

Photo © Jane M. Sawyer

Comments
January 25, 2013 at 9:28 am
(1) lynn says:

Tell us which states are exempt please!!

January 25, 2013 at 2:59 pm
(2) Nancy says:

It’s in the article. Just click on the link inside the blog post (underlined and in blue) and you’ll be able to see all the info you need – exempt states, details of the rule and implications for travelers.

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