Retailers May Begin Charging Swipe Fees On Credit Card Purchases | Latest News RSS feed

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


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

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

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Swipe Fee Revolution

The standard terms tell stores that not only must they pay extra for each credit card purchase ... out $6 billion in damages, reduce fees, and, perhaps most interesting, drop the rule against retailer... read more


Debit Card Swipe Fee, We Hardly Knew Thee

Just weeks after a law that limits debit card swipe fees fully ... to start charging its customers $5 a month to use their debit cards for purchases partly on the revenue it lost due to Durbin. [Resou... 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

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

Lower swipe fee, fewer rewards? Credit card perks may take hit

Visa and MasterCard Canada agreed this week to take a haircut on how much the credit card networks charge retailers in transaction ... for every $1 spent on all purchases. 35,000 bonus miles for first ... read more

Swipe fee settlement gives retailers more voice

A customer handed a credit card to the owner of a shop in Portland to purchase a greeting card. The owner gave the customer the card for free, saying the processing charge ... swipe fee, usually betwe... read more

Catch-22 On Swipe Fees

When merchants or service providers accept a credit card, charge card or debit card, they have to pay what's called an interchange, or swipe ... Better yet, lets all begin to negotiate more for a lowe... read more

In the battle over debit card swipe fees, consumers will lose

When merchants or service providers accept a credit card, charge card or debit card, they have to pay what's called an interchange, or swipe ... Better yet, let's all begin to negotiate more for lower ... read more



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