Cash is (still) King
January 29, 2013 7:16 AM Subscribe
This week, retailers in 40 states will be allowed to charge fees for the use of Visa or Mastercard credit cards. Know Your Card. While large chains may avoid the new surcharge, it could be up to 4%. This is part of a settlement reached last summer in an anti-trust lawsuit against Visa, Mastercard, JP Morgan Chase and Bank of America, among others. There are 10 states where surcharging is illegal, but in many of them merchants may offer a discount for using cash.
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