A PYMNTS Company

Customers using cards in U.S. may face surcharge

 |  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.

Full content: Chosun Ilbo


Related contentPayments 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.