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Is a 2 percent surcharge on credit card payments legal?

Updated: 8/18/2019
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11y ago

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yes

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11y ago
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Q: Is a 2 percent surcharge on credit card payments legal?
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Related questions

Is it legal to add a surcharge to meals?

Not without letting you know first.


Is it legal for a restaurant to charge a 50 cent surcharge for using a credit card?

Quite a few restaurants charge a minimal fee for CC use. It isn't a matter of "legality". Just the way a place chooses to offset the accounting expenses. No it is not legal to surcharge 50 cents or any amount on a credit card, but yes it is legal to surcharge on a debit/check/atm card any amount. A situation has been going on where people are complaining about being surcharged on there debit cards. First of all some of these people are ignorant because they do not understand the difference between a credit card and a debit card and when there card is processed as debit they get upset arguing to run there debit card as credit. There debit card will never be a credit card, the money that gets authorized for a transaction on there card is debited out of there checking or savings account. Credit obviously is the money that a financial institution is authorizing you to borrow and if you do not return that money before the billing cycle you have to pay interest. Also, there are people that ignore the rates that a restaurant pay on each credit or debit transaction and sometimes the restaurants or mom and pop stores lose when someone buys a chocolate bar or a soda using there credit or debit card. The surcharge or convenience fee that the drive throughs charge helps maintain the low prices of the food due to what the mrchant pays for credit or debit card processing. Some of these places pay up to $1,500.00 a month on credit card processing. Bottom line, yes it is legal to surcharge $.50 or more on debit/check/atm card transactions. I have paid $.99 at a taco bell and $.75 at McDonalds. $.50 is quite decent.


What is surcharg?

Surcharge, or also known as zero fee processing, is the fee transferred to the customers when they pay using a credit card. It is considered legal to other US states and illegal on 8 states. Surcharging can help businesses, especially those small to mid-sized ones) improve their profit by reducing costs. To help understand surcharge and surcharging more, you can read this article: cloudbanking.co/surcharge-fee-ticket-to-profit-growth/


What to do if the person that wants to get a mortgage for your propertybut cannot obtain one until credit it corrected. How can you still sell to them?

You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.


In a divorce is a spouse not listed on the mortgage but listed on the deed required to help make the mortgage payments in Tennessee?

If they are not listed on the mortgage, then they have no legal obligation to pay the debt. If payments are not made it is only your credit that will be damaged.


Is it legal for a trash hauling company to charge a fuel surcharge that the customer hasn't agreed to.?

yes


Is it legal for a credit card company to double the amount borrowed if you fall back on payments?

Credit card companies can charge what they like in fees. It's up to the user to make sure they use the card responsibly - and not default n payments. However - doubling the amount owed on the card is rare !


Can a cosigner take property if they haven't made any payments?

a co signer has a right to protect their credit- if you are not paying then legal action can be taken by the co signer


How can you get a loan with 470 credit score?

Not sure why you are even asking. With credit scores (FICO, not Vantage Scores) of 300 - 850, you want to have your credit scores at least over 640+. If you can get them to over 700+, your payments would be so much lower. Research what the difference of payments are if your credit scores are higher and much lower. Do credit repair (legal by federal law) and enjoy lower monthly payments, better interest rates, obtain jobs, etc. Please don't even try to get a loan if your credit scores are in the 400 and 500 range. It just doesn't make any sense! Get educated, get your credit scores higher!!


Are orchard bank online payments legal?

Yes, Orchard Bank online payments are legal payments. Making online payments is faster, easier, and often more secure for both the person making the payment and the bank itself.


Can information about charge offs late payments and non-payments that occurred before you were 18 be removed from your credit report?

In my state, Texas, you must be 18 years of age to enter into a legal binding contract with any company. State laws may vary.


Can my credit rating be affected if my father defaulted on credit card payments and I was once on the account?

You are a separate, legal entity from your father, your credit rating should not be affected by your father's credit history. It is however possible that you may have been mixed up with you father is you live at the same address and have the same or similar names. It should be possible to check this out by asking for your credit history statement.