Australia’s central bank will prohibit surcharges on debit and credit cards starting in October. The Reserve Bank of Australia (RBA) announced its plans Tuesday (March 31), along with its intention to lower the cap on credit card interchange fees merchants pay to banks. “The surcharging...
Speaking at a recent financial conference, American Express’ CEO offered a blunt opinion on surcharges. “Our card members should not be discriminated against,” Steve Squeri said at the Goldman Sachs U.S. Financial Services Conference. “I think surcharging in general is a really bad customer experience.” The...
As the holiday shopping season begins earlier and lasts longer, shipping costs are rising sharply, creating additional challenges for retailers and consumers alike as FedEx and UPS extend their surcharge windows this year. Retailers and businesses are struggling with rising costs, as shipping fees have...
After three days of sparse quotes and speculation, the New York Eastern District court judge presiding over the latest chapter in the proposed credit card swipe fee settlement between Visa, Mastercard and millions of merchants has posted her 88-page opinion. The opinion comes almost a...
July 02, 2024
After three days of sparse quotes and speculation, the New York Eastern District court judge presiding over the latest chapter in the proposed credit card swipe fee settlement between Visa, Mastercard and millions of merchants has posted her 88-page opinion. The opinion comes almost a week after U.S, District Judge Margo K. Brodie indicated she […]
June 26, 2024
Merchant steering, which is a practice where retailers offer discounts to consumers if they use certain payment methods, could be getting eclipsed by surcharges and tipflation. The PYMNTS Intelligence report...
May 19, 2023
Consumers have long ignored or simply lived with merchant surcharges, but that’s changing as bills and statements undergo intense scrutiny in the current economic crisis, bringing about questions as to...
May 12, 2022
Legal obstacles to surcharges on credit card transactions have been dropping for much of the past decade as courts continue to rule that the surcharges are permissible. This is good...
April 13, 2026
Americans are dealing with a surge in surcharges as businesses look to counter rising costs. That’s according to a report Monday (April 13) by The Wall Street Journal (WSJ), which notes that the past few weeks have seen package-delivery companies and airlines introduce new or higher fees, citing increased fuel prices. Economists say other companies will follow suit unless oil prices […]
March 31, 2026
Australia’s central bank will prohibit surcharges on debit and credit cards starting in October. The Reserve Bank of Australia (RBA) announced its plans Tuesday (March 31), along with its intention...
December 17, 2025
Speaking at a recent financial conference, American Express’ CEO offered a blunt opinion on surcharges. “Our card members should not be discriminated against,” Steve Squeri said at the Goldman Sachs U.S....
March 05, 2024
PayJunction added credit card surcharge capabilities to its No-code Payments Integration platform. With the addition, independent software vendors (ISVs), developers and merchants can add credit card surcharging to Software-as-a-Service (SaaS)-based software in minutes,...
