No more extra fees for Credit Card Transactions
You know about the little stores that charge an extra 30 cents on your visa or master card for any credit card transactions under $10 dollars?
These days are almost over.
Massachusetts is among 10 states outlawing credit card surcharges.
Connecticut and Maine also do. That means not even a little sticky or an actual sign can make it OK.
Visa and Mastercard also make it plain to companies that accept their cards that they are not to charge card users extra.
American Express does not have the same rules - unless Visa or Mastercard are also accepted.
It is also not OK with credit card issuers to set minimums for credit card use (the merchant runs the risk of losing the right to process credit card transactions).
This was posted on the Boston Globe, read more here:
Visa and Mastercard also make it plain to companies that accept their cards that they are not to charge card users... more »
I am so glad there is no more extra fees because some restaurant just charged me $.50 transaciton fee because I... more »