As part of the settlement between the card networks (Visa and MasterCard) and merchants, the card networks are allowing merchants in the U.S. to impose a "surcharge" for...
Credit Card Surcharging Overview & Updates
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In an ever-changing landscape, keep ahead of the curve with insights and industry news from Optimized Payments.
Latest News from surcharging
$7.3 Billion Settlement – Short-Term Win for Merchants
Visa and MasterCard have reached a settlement with merchant groups alleging antitrust violations in the setting of interchange fees for credit cards. The proposed $7.3 billion settlement provides one-time financial relief to merchants and allows them to apply a surcharge for credit card transactions. This article analyzes merchant impact from this settlement.
The Evolution of Convenience Fees
In slightly more than a decade convenience fees on credit and debit cards have evolved from application in a specific market to wide adoption across many industries. This article looks at the growth in usage of convenience fees, application within specific verticals,...
