Part of the settlement between retailers and VISA and Mastercard allows vendors to pass on the swipe fees to consumers.
No, it's not illegal. It would probably violate the card-vendor agreement. However, cash discounts do not violate that agreement. And various laws can modify the contracts, such that terms demanding no minimum charges or increased costs for credit transactions don't apply.
Not illegal, but certainly against the contract with the merchant. They can lose their ability to swipe if they were reported.
Part of the settlement between retailers and VISA and Mastercard allows vendors to pass on the swipe fees to consumers.
It's ALWAYS been that way, it's called building into your everyday price. As far as I knew, you could NEVER say "If you use a credit card, you will have to pay a 50 cent additional fee"
Quite simple, either build that fee in your everyday price, or take that method of payment out of your equation.
Again, as of 2013 retailers CAN add on swipe fees to all credit/debit card transactions. That is unless you live in California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma, and Texas. Those states have banned surcharges being tacked on to credit card transactions. However, most of those still allow cash discounts.
What I am saying as of 2013 merchants can add swipe fee surcharges to any credit card transaction without violating their merchant agreement. With the 2012 class action anti-trust settlement none of the major credit card companies(Visa, MC, Amex, Discover) have merchant agreements that prohibit adding swipe fee surcharges to credit/debit transactions. At this point only state or federal legislation can prohibit swipe fee surcharges.
But like I said, very few retailers have started adding swipe fee surcharges because well its bad for business unless everyone started to do it.
See that's funny, I'm in Texas and I'm the one complaining making the thread. I see it decently often and it's started to crop up quite a lot.
I go to my dry cleaners and they have a sign posted saying "If you use a credit card, you will have to pay a 50 cent additional fee". I tried to use my Debit card the other day, and they said that was considered a credit card too. I feel like all of these need to reported or something
Why do I have to pay for your credit card?
what really grind my gear is the sneaky gas station who 'hides' the higher, CREDIT prices in smaller fonts and underneath the cheaper, Cash price; so in a distance you cannot see the Credit prices and pulls in for a surprise.
something like this shit
what really grind my gear is the sneaky gas station who 'hides' the higher, CREDIT prices in smaller fonts and underneath the cheaper, Cash price; so in a distance you cannot see the Credit prices and pulls in for a surprise.
something like this shit
No, I know of several stations around me in BC that do this.Must be an American thing because I've never seen this. You do pay more here if you want full service, but those stations are very rare nowadays.
I haven't seen the data on that, but my likelihood of buying only gas during a visit to the gas station is roughly 99%.That station across the street chooses to lower its prices so as to compete. Gas stations routinely sell gas at a loss because their real profit comes from selling you the other junk you buy when you fill up. The gas price is set solely to get you inside
I haven't seen the data on that, but my likelihood of buying only gas during a visit to the gas station is roughly 99%.
You know what really grinds my gears ATOT? Gas stations that list "cash prices" on their billboards. As if anyone can read the term "cash" from a far distance, let alone the $0.10 difference is an obvious ploy to be a difference between regular and mid-grade and for you to not notice because your assumption is you always fill up with regular, hence you have the cheapest of 3 types of gasoline (Regular, Midgrade, and Premium). Whatever the case, I know the places to avoid, I've never been screwed aside from pulling into a place and having to go to a different place - but I'm damn sure plenty of others have been screwed plenty. Especially if they do stuff like pay with a debit card. Honestly, I haven't carried the amount of cash to fill up my car in years. I keep a $10 in the glove box in case of an emergency (empty tank or something).
Most of the stores around me that do it simply say "Credit $x.xx Cash $x.xx"... First off, what the fuck is debit? Last I checked, a debit card would constitute as cash, but apparently not!
Example, but not quite on par with what I see. Where I live it's much more deceptive. Much smaller writing.
That station across the street chooses to lower its prices so as to compete. Gas stations routinely sell gas at a loss because their real profit comes from selling you the other junk you buy when you fill up. The gas price is set solely to get you inside
that's false. A very good friend of mine has ownes a Phillips station for 25 years. I came very close to buying it and looked over his books in detail.
Fyi, if a station is late one time on paying they get switched to COD. Thats a death sentence for C &C operations.
Not gasoline!Isin't it illegal to charge more for credit card transactions?
deceptive marketing. Again, I see it much more prevelent in my area at much more deceptive levels than the one I posted so maybe someone else can chime in.
But when you see something to the tune of
Regular $x.xx
Regular $x.xx (Credit) <--- This is where you expect to see Mid-Grade
Premium $x.xx
Diesel $x.xx
You are in your car and looking at small text from a distance. Also, debit also constitutes as "credit" - even though it is NO WHERE near that meaning in the business world.