Cryptocurrency Q&A
Is it illegal to charge a processing fee in Texas?
Is it illegal to charge a processing fee in Texas?
ShintoBlessing
Thu Sep 05 2024
|
6 answers
1210
Hello, I'm curious about the legality of charging a processing fee in the state of Texas. Could you please clarify whether or not it's permissible for businesses to impose a fee on customers for processing transactions, such as credit card payments or cryptocurrency transactions? Additionally, are there any specific regulations or guidelines that businesses must adhere to when charging such fees? Thank you for your time and assistance in clarifying this matter.
6 answers
Raffaele
Sat Sep 07 2024
The Texas Business & Commerce Code contains two sections that impose restrictions on sellers regarding the use of credit and debit cards as payment methods.
Was this helpful?
385
97
SamuraiBrave
Fri Sep 06 2024
Section 604A.0021 specifically prohibits sellers from charging a fee when a buyer opts to use a credit card for payment.
Was this helpful?
64
60
DigitalTreasureHunter
Fri Sep 06 2024
In addition to adhering to these consumer protection laws, businesses in the cryptocurrency space, such as BTCC, must also navigate the complex regulatory landscape.
Was this helpful?
94
76
Sara
Fri Sep 06 2024
Similarly, Section 604A.002 outlines a prohibition against sellers imposing a surcharge when a buyer elects to pay using a debit card.
Was this helpful?
99
51
Michele
Fri Sep 06 2024
These regulations aim to protect consumers from being unfairly penalized for choosing a convenient payment method, ensuring a level playing field for all payment options.
Was this helpful?
355
65
Load 5 more related questions
