Swipe Fee Settlement Lets Merchants Surchage, But Will They?

What's Next In Payments®
4:54 PM EDT July 24th, 2012

Last week’s multibillion-dollar swipe fee settlement would give merchants the right to charge higher prices for purchases completed with a payment card, were it to take effect. But even if merchants did end up receiving that power, would they use it?

At this point, many merchants are “wrestling” with that very question, reports the Wall Street Journal.

Luan Schooler, a small business owner in Oregon, tells the Journal she might add a surcharge for purchases under $10. “We have people that will pay for a $1.50 soda on a credit card,” she tells Emily Maltby. “In those circumstances, we are losing money—or making so little, it wasn’t worth selling it in the first place.”

Read the full story here.

Comments
Also by This Author
What's Hot
News
UK Pharmacy Prepares For Pumped Up Volume
Mobile Commerce
Glitches At BBVA’s Simple Illustrate Digital Banking’s Difficulties
News
Apple Pay Accelerates Regulator’s Focus on Mobile Payments
International
Alibaba’s Price Range On The Rise Pre-IPO
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
B2B Payments
FTC’s 5 Concerns About Mobile Financial Services
News
UK Pharmacy Prepares For Pumped Up Volume
Cool
U.S. Credit Card Debt Set To Reach Pre-Recession Levels
Hmmm
iPhone 6 : Americans Are Sold, Singaporeans On Hold
View All Articles ››