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A payment surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card, debit card or an e-money account, [1] but not cash, which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company. [2]
Two types of consumer charges exist: the surcharge and the foreign fee. The surcharge fee may be imposed by the ATM owner (the bank or Independent ATM deployer) and will be charged to the consumer using the machine. The foreign fee or transaction fee is a fee charged by the card issuer (financial institution, stored value provider) to the ...
A part of the settlement that allows merchants to charge fees to customers paying via credit card in order to recoup swipe fees took effect on January 27, 2013. Debit cards and transactions in the ten states that prohibit credit-card surcharges will not be affected.
If you want to avoid paying this fee, you can learn how to change your payment method or go directly to My Account and choose a different payment option. Note: Debit and check cards count as credit cards! To avoid the surcharge, change your payment method to the Visa, MasterCard or Discover associated with your checking account.
As of July 1, it will be illegal for any restaurant in the Golden State to add special surcharges to diners' checks, which has become a favorite method that restaurants use to lower costs and ...
A surcharge may refer to: An extra fee added onto another fee or charge Bunker adjustment factor, sea freight charges which represents additions due to oil prices; Surcharge (payment systems), charged by merchants when receiving payment by cheque, credit, charge or debit card; An overprint that affects the value of a postage stamp
A new state law to prohibit hidden surcharges and other "junk fees" tacked onto customers' bills is slated to go into effect July 1, with businesses having to include those charges in the prices ...
North Carolina law allows landlords to charge up to $15 or 5% of the rent, whichever is greater, in fees for rent that is late. Furthermore, a late fee can only be charged one time for each late ...