Credit Card Users: You Might See a Surcharge of up to 4% on Your ReceiptsSubmitted by bobbyw24 on Mon, 01/28/2013 - 14:30
Starting Sunday, consumers might have to pay more to use credit cards.
Merchants who accept MasterCard and Visa will soon be able to tack a surcharge onto your bill. The surcharge is fallout from a class-action settlement reached last July that ended years of legal battles between merchants on the one hand, and banks and credit card companies on the other.
Along with paying a group of retailers $6.05 billion, Visa, MasterCard, and several banks and credit card institutions agreed to allow merchants to charge an extra credit card fee starting Jan. 27.