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Released: January 28, 2013
Attention shoppers: Another credit card fee
Source: Herb Weisbaum, NBC News
It could soon cost you more to shop with a credit card at some stores. As of this Sunday, Jan. 27, merchants who accept credit cards issued by Visa and MasterCard will be allowed to add a service charge to the purchase price.
Visa and MasterCard had always prohibited merchants from doing this. They agreed to change the rules and allow the surcharge as part of the settlement of an antitrust suit brought by retailers. The surcharge is supposed to equal the actual cost of processing the credit card transaction, which is typically 1.5 to 3 percent
Read Full Article: Attention shoppers: Another credit card fee
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