New credit card surcharge rules

01/31/2013

As a result of an antitrust settlement reached in 2012, effective Jan. 27, 2013, MasterCard and Visa merchants in the United States and U.S. Territories are permitted to impose a credit card surcharge, up to a cap of 4 percent, on consumers when they use a credit card -- except in the ten states (California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas) where it's currently prohibited. Complete details can be found at visa.com and mastercard.us.

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