Cryptocurrency Q&A
Is it legal to charge extra for using a debit card?
Is it legal to charge extra for using a debit card?
CryptoTitan
Thu Sep 05 2024
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7 answers
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I'm curious, is it actually legal for merchants to tack on additional fees when customers choose to pay with a debit card instead of cash or credit? I've noticed some places do this, but I'm not sure if it's within the bounds of the law. Could you clarify the situation and explain any potential regulations or guidelines that govern this practice?
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7 answers
FireflySoul
Sat Sep 07 2024
The question of whether it is legal to surcharge debit card transactions prompts a nuanced response.
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SeoulSoul
Sat Sep 07 2024
At its core, the short answer is a definitive no. Surcharging debit card transactions is not legally permissible.
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Lorenzo
Sat Sep 07 2024
This stance stems from the explicit policies of major card issuers such as Visa and Mastercard.
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StarlitFantasy
Fri Sep 06 2024
These corporations have clearly stated in their regulations that surcharging debit card transactions is strictly prohibited.
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Chiara
Fri Sep 06 2024
Furthermore, the legality of surcharges is intricately tied to the varying state laws across the country.
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