Do you have a notice informing customers of a surcharge for using credit or debit? Careful, as this practice could land you in hot water. A checkout fee, or payment card surcharge, added onto a consumer’s bill when he or she uses a credit or debit card is against Visa rules, mirroring laws in 10 U.S. states.
Merchants can offer a discount for alternative payment methods such as cash or checks, but you cannot add on for charges.
10 States also Protect Consumers with No Surcharge Laws
- New York
Note: Certain industries are permitted to charge a ‘convenience fee’, where it is not prohibited by law. This will be covered in a future article.