Valued Contributor
Posts: 1,850
Registered: ‎10-31-2011
Re: Merchants may be allowed to charge extra for credit cards
[ Edited ]

True Story: I had a "customer" come in the other day and attempt to charge a sale for $0.65, yes 65 cents. I told the customer that I'd just as soon give him the item for free because his sale was not worth me processing for 65 cents - he said I never carry cash. He ended up adding something to the sale to make it $2.65 which I accepted, but frankly, a $1.00 processing fee on sales below say $5.00 is not a bad thing IMO.


From the article:


The antitrust lawsuit, filed back in 2005, alleges MasterCard and Visa conspired with some of the largest banks in the country to set the swipe fee a merchant must pay every time a customer uses their credit card.