2006-12-10 17:05:32 · 9 answers · asked by qfunkani 1 in Business & Finance ➔ Credit
What some merchants do is 1 of 2 things to get around that, either charge about 3% more on products or they disclose to the customer that there's a credit card surcharge, but you have to disclose that.
2006-12-10 19:41:39 · answer #1 · answered by Joonbug 3 · 0⤊ 0⤋
I don't believe it is a "legal issue" as defined. Per se, the government will not get involved on your behalf.
However, I believe that the credit card companies themselves have rules against charging a premium for the use of credit cards.
If you are dissatisfied with being charged a credit card user's premium for using your card with a merchant, I would suggest you contact the credit card company and let them know what the merchant is doing. They will probably issue the merchant a warning letter saying that if they continue to do that, their credit card billing priviledges will be taken away.
2006-12-14 19:10:57 · answer #2 · answered by nickdc1960 7 · 0⤊ 0⤋
Call the phone number on the back of your credit card and ask them if it's legal to charge a surcharge for use of a credit card. I'm almost certain that they will tell you no....merchants cannot charge extra to customers who pay by credit card. If they want to cover their cc processing chgs, they need to raise rates for all their customers. I just went thru this w/a printer who wanted to charge 3% because I wanted to pay w/cc. The answer was 'nope, not legal'.
It's also not legal to require a minimum charge for use of a cc. Many small stores and restaurants try. Wanna have fun? Use your cc for a smaller charge and when they tell you they won't take the card, ask them how important the convenience of paying with a cc is to their customers----I bet they'll let you pay.
Cheers of the Season!
D
2006-12-14 22:24:30 · answer #3 · answered by Peek-a-Boo B Nursing Covers.com 1 · 0⤊ 0⤋
Alot of companies charge either a little extra or there is a min charge they will charge to a debit card for example the dollar store by my house has a $5 min. Reason being business are charge a per transaction fee by the credit card companies.
2006-12-11 01:14:51 · answer #4 · answered by Anonymous · 0⤊ 0⤋
the credit card company's charge the merchant for the purchase. the merchant can do one of two things. pass the charge on to all consumers with a slight increase in price (and not mention it) or pass the charge on directly to the credit card user
2006-12-11 05:27:14 · answer #5 · answered by Jen 5 · 0⤊ 0⤋
Its not like that. If you buy anything by ur credit card the bank charge the merchant 2 to 5%. so to cover that they charge u high.
2006-12-11 03:50:56 · answer #6 · answered by Subhrangshu m 3 · 0⤊ 0⤋
I don't think it is a legal matter, rather it is against the visa and/or mastercard rules. Or least that is what I was told a few years ago. For example Visa/MC say if you are a VISA/MC merchant you can not charge a different price. If a merchant did not like that rule they could choose not to use Visa/MC. Like my local pizza shop, cash or check only.
2006-12-11 03:24:36 · answer #7 · answered by Gatsby216 7 · 0⤊ 0⤋
The seller is trying to pass his charges to you . It is upto you to accept or reject. If you do not accept, then the sale does not take place or the seller may not charge you if he is interested in sales.
Hence you should protest and see the reaction.
2006-12-12 22:17:24 · answer #8 · answered by cvrk3 4 · 0⤊ 0⤋
this question doesn't make too much sense to me
2006-12-11 01:08:47 · answer #9 · answered by Anonymous · 0⤊ 0⤋