VISA Merchant Surcharging
VISA has agreed to allow Merchants to add a surcharge (or swipe fee) to credit card purchases with the following conditions:
The surcharge cannot exceed 4%.
The merchant must notify customers that a surcharge fee will be applied before a purchase is made.
Only credit cards purchases are subject to surcharges. Surcharges may not be added to purchases made with debit cards or prepaid cards.
Only ten states restrict merchants from imposing a surcharge, they are: California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas.
The legal settlement restricts merchants from imposing surcharges at all of their locations if they have storefronts in any of the states that do not allow them.
To learn more about credit card surcharging, >>click here for answers to Frequently Asked Questions.