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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 ... read more

New Credit Card Transaction Fees: List Of States Charging 4% Surcharge ‘Checkout’ Fee

Credit card users in some states may have noticed a new fee on transactions when they swipe ... retailers have the dilemma in choosing whether to take the burden upon themselves or charge customers ... read more

Retailers, Not Consumers, Swipe Victory in Credit Card Fee Settlement

In order to accept credit cards, retailers pay a so-called swipe fee ... Credit card users. It might not happen overnight and it depends on what competitors do, but retailers could legally charge ... read more

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Your Money: Will credit card settlement mean higher swipe fees?

NEW YORK (Reuters) - Cash or credit ... card purchases. But will this fly at a grocery store, hotel or other retail outpost? Visa Inc and MasterCard Inc’s proposed $7.25 billion settlement with ... read more


Seen At 11: Retailers Ready To Force Consumers To Pay ‘Swipe Fee’ For Using Plastic

NEW YORK (CBS 2) — Every time you use your credit card, the store pays up to 3 percent of your total purchase to the credit card company. It’s called a “swipe ... going to start to see retailers ... read more

Think before you swipe; credit card use may cost you

Fees range from two to five percent of your purchase price. If a multi-billion dollar settlement is approved in an ongoing lawsuit between credit card companies and merchants, swipe fees would be ... read more

After Kroger strikes back at Visa, battle over credit-card fees may only get worse

If you have a Visa credit card, be careful next time you go to Kroger: It might get declined. And the same could start happening ... the retailer and the company, but it is typically about 2% to 3% of ... read more

Judge rules New York ban on credit card "check-out" fees unconstitutional: In business

A federal judge has struck down a New York law banning surcharges on credit-card purchases, clearing the way for retailers to begin charging customers ... to tack on a fee to compensate them for the 1 ... 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 ... read more

BofA Plans to Charge $5 Monthly Fee to Some Debit-Card Users

Bank of America Corp., the biggest U.S. lender by assets, plans to announce a $5 monthly charge ... swipe fees. Customers with lower-tiered accounts, including the firm’s online-banking option, may ... read more

Viewpoint: Swipe fees cost all of us

So we don’t like it much when the big banks and credit card companies gouge our customers by charging merchants like us exorbitant processing fees. Every time you swipe your debit or credit card, the ... read more

It’s Official: Court Approves Swipe Fees For Consumers

Known as interchange fees, or “swipe fees,” the major credit card companies fix these fees at 1-2% of the transaction total. For years, retailers ... permitted to charge an additional fee when ... read more



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