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Credit Card Interchange Update

Credit Card Interchange Update

New payment network rules that allow retailers to assess “check out” fees or surcharges on credit card purchases took effect in many states on January 27, 2013. Visa and MasterCard rules previously prohibited merchants from charging surcharges on credit card purchases. The charges can be up to 4% and are imposed at the merchant level on credit card transactions.

Posted By Sharon Bahr read more
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