It is legal in all states except the following:
Texas.
However, Visa and Mastercard merchant agreements strictly prohibit merchants from charging an additional fee. American Express "discourages" charging additional fees.
It is legal, however, to provide rebates for paying in cash rather than credit -- a loophole to the additional credit card surcharge issue.
All credit card companies charge a merchant fee, whether the card is used in e-commerce or POS. The rate of the fee is often negotiable with the lender, depending on the sale volume of the merchant.
Processing fees for a Visa credit card are referred to as merchant fees. Each financial institution sets their own merchant fees, and these fees will vary between institutions.
Merchants can now apply fees to credit card transactions and recover some of their own processing costs, VISA and MasterCard recently changed the basic merchant fees regulations and allowed the merchant to apply such fees:
I'm not sure they would, but credit card companies charge a variety of other fees including late payment fees, over limit fees, service charges, etc. etc. Also, most consumers don't realize that credit card companies charge the merchant a fee of 3% to 9% for the transaction, in addition to charging the cardholder interest.
Some credit cards that do not charge late fees include the Citi Simplicity Card, the Discover it Card, and the Capital One Quicksilver Card.
In order to accept credit cards, a business owner needs to set up a merchant credit card account, an internet gateway, or use a third-party credit card processing service. Many banks allow the option of opening a merchant account and charge a monthly fee as well as transaction fees. Internet gateways are more expensive, and require a set up fee, monthly fees and transaction fees; however, most gateways services allow you to use a card swiper in addition to the online service. Third-party providers, such as PayPal, allow you to accept credit cards without a merchant account, but they usually charge more and take longer to process transactions.
No...you need to call your credit card company and file a complaint.
The Credit Card companies charge a "fee" for each charge sale at the merchant. The fees are either a flat fee or a percentage of the sale total. The fees change from bank to bank and there is no real "standard" to list here, at least that we know of.
Fees are typically based on a percentage of the credit card sale. This can range from 1-3% based on the company.
With a debit card, some banks will pass the fees onto you. This is why it's always important that you use your debit as credit. When you use your card as credit, you have the fees passed onto the merchant, rather than you.
The charges for purchasing gold on a credit card may include transaction fees, interest charges, and potentially a higher price due to merchant fees. It is important to check with your credit card issuer for specific details on any additional charges.
Gas stations charge more for credit card transactions because they have to pay fees to the credit card companies for processing the transactions. This extra cost is passed on to customers who choose to pay with a credit card.