New Surcharge Regulations

In early 2013, Visa and MasterCard released new rules regarding credit card surcharging. As a result of a proposed settlement agreement to a long-standing class action suit against them, Visa and MasterCard are now allowing U.S. merchants to surcharge certain credit card transactions. A payment card surcharge, AKA: a checkout fee, is an additional fee that a merchant adds to a consumer’s bill when he pays with a credit card. Merchants who choose to surcharge under these new rules must follow strict guidelines.

To learn more about the new regulations you can visit the Visa or MasterCard websites or call your Relationship Manager @ 800.811.7826 Option 1.