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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

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

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

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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


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

CurrentC Is The Big Retailers’ Clunky Attempt To Kill Apple Pay And Credit Card Fees

The system is also designed to automatically apply discounts, use loyalty programs, and charge purchases to a variety of ... your bank account connected to a partner retailer’s loyalty or credit card, ... 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

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

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

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

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



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