Questions tagged [merchants charge]

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amelia_miller_designer amelia_miller_designer Thu Sep 05 2024 | 5 answers 834

Can merchants charge 2% extra on credit card payments?

Excuse me, I've been hearing about merchants potentially charging an additional 2% fee on credit card transactions. Is this actually allowed? Could you please elaborate on the reasons behind this practice and if there are any regulations or laws in place that govern such charges? Furthermore, what are the potential impacts on consumers and the broader economy if this becomes a widespread practice? I'd greatly appreciate any insights you could provide on this matter.

Can merchants charge 2% extra on credit card payments?

|Topics at Cryptocurrency Q&A

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