Retailers May Start Charging Fees for Using Credit Instead of Cash

Friday, 20 December 2013 | by Pat's Picks

The New York Times says the three major credit card companies have agreed to a rules change that would allow merchants to charge extra for using a credit instead of a debit card or cash. American Express recently agreed to a settlement allowing the change, though it still has to be approved by a judge. A judge has already signed off on the change for Visa and Mastercard. It’s still unclear how many retailers will opt for surcharges.

SOURCE: New York Times