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Retailers May Begin Charging Swipe Fees On Credit Card Purchases - Latest News


‘Swipe fee’ continues for UAE credit card users

The latest warning on Sunday was accompanied by a threat of a fine of up to Dh100,000 for those caught imposing a swipe ... his or her credit card for a purchase. “Also, as per UAE government’s dictat... read more

Retailers May Begin Charging Swipe Fees on Credit Card Purchases

If you’ve started taking a closer look at your budget for the New Year and are trying to scale back some of your extra expenses, don’t overlook your credit card statements for extra fees in the near f... read more

Retailers may charge fee to customers paying with credit cards

Now, the shop's owner and retailers across the country may ... with a credit card, retailers can tack on a surcharge or "checkout fee" of up to 4 percent of the purchase to cover processing. But there ... read more

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Visa, MasterCard now allow merchants to pass on charge

Cherie McHue of Toledo uses her credit ... fee” that they pay the credit card company — usually 1.5 to 4 percent of the purchase — by charging the customer a new “checkout fee” equal to the “swipe fee ... read more


Swipe Fee Revolution

Consumers may not see much windfall from a legal settlement involving credit card swipe fees ... pay out $6 billion in damages, reduce fees, and, perhaps most interesting, drop the rule against retail... read more

Visa, MasterCard in $7B swipe fee settlement

The settlement, if approved by a judge, would resolve dozens of lawsuits filed by retailers in 2005. The card companies and banks would also allow stores to start charging customers extra for using ce... read more

Using a credit card? Watch out for the 'checkout fee'

Stores in most states could start ... also gave retailers the option to tack on a surcharge if a customer uses a credit card. The retailer can only charge enough to cover the processing costs, which i... read more

Credit Card Checkout Fees Begin In New Jersey

as retailers gain the right to add a checkout fee of 4 percent for credit purchases. As CBS 2’s Alice Gainer reported, the purpose from the merchants’ perspective is to offset the 3 percent swipe fee ... read more

Visa, MasterCard Agree To Let Merchants Add Surcharges To Credit Card Purchases

Well, that proposed settlement has come to pass, meaning you may soon be paying more for the privilege of using your credit card ... Visa and MasterCard colluded to keep swipe fees — the amount of mon... read more

In fight over debit card 'swipe fees' banks still trying to blame merchants

I'm referring to “Debit card price controls, a lesson in cronyism,” an opinion piece by Phil Kerpen that ran here on FoxNews.com on April 6. The way banks charge merchants “swipe fees” to process debi... read more

The Visa-MasterCard settlement: Will credit card users now have to pay 'swipe fees'?

While big chains like Walmart and Target may decide that they can afford to eat the costs of the swipe ... "Card pact's foes arm for battle" No. Retailers would be dumb to charge more for plastic: Mer... read more

Bank of America to charge $5 monthly debit card fee

NEW YORK (CNNMoney) -- Get ready for a new wave of bank fees. Bank of America will begin charging a $5 monthly fee at the beginning of next year for customers who make debit card purchases ... can cha... read more



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