A PYMNTS Company

Customers using cards in U.S. may face surcharge

By  |  July 16, 2012

Korean credit card companies are considering passing on card usage fees to its customers who use their cards in the United States. Customers currently do not pay any fees, but the proposed surcharge would be up to 3 percent. Purchases made in the ten U.S. states prohibiting such surcharges would avoid the fees.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full content: Chosun Ilbo

     

    Related content: Payments Innovation and Interchange Fees Regulation: How Inverting the Merchant-Pays Business Model Would Affect the Extent and Direction of Innovation

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.