Swipe Fee Settlement Lets Merchants Surchage, But Will They?

What's Next In Payments®
4:54 PM EST 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
Staples Breach Hit 1.16 Million Payment Cards
Loyalty & Rewards
Go, Teller, On The Mountain (Of Stats) That Mobile’s Less Loyal
News
Would You Like Beacons With That?
News
PayPal Here Gets New U.K. Partner
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
Alternative Financial Services
What Payments Players Want Under The Tree
News
Staples Breach Hit 1.16 Million Payment Cards
Alternative Financial Services
Bitcoin Tracker | Week 53    
Loyalty & Rewards
Go, Teller, On The Mountain (Of Stats) That Mobile’s Less Loyal
View All Articles ››