
New Credit Card Fees Kick in Sunday
• ABC News (video)Starting Sunday, paying by credit card could get more expensive. Under
the terms of a $7.2 billion settlement reached last summer between
credit card companies and merchants, merchants will be free to impose a
surcharge on customers paying by credit card.
How big a surcharge depends on how much the merchant pays in processing fees, but the amount legally permissible will be between 1.5 percent and 4 percent of your purchase price.
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