Los Angeles Business Journal

Merchants May Get Surcharge Rights

LABJ News from Around the Web Monday, July 9, 2012

Merchants, which pay transaction fees each time a credit card is swiped, may soon be able to impose a surcharge each time a customer pays with plastic. It is a practice that Visa Inc. and MasterCard Inc. have long opposed. The Wall Street Journal reports that easing the ban is expected to be included in a potential settlement of lawsuits that retailers have brought against major card networks and the banks that issue cards.