Consumers Look Out For New Credit Card Surcharge
Watch out! Credit card surcharges are being added to some customers’ receipts. And in most states, they’re perfectly legal. That’s because as of Jan. 27, 2013, merchants are free to stick you with a surcharge when you pay by credit card, under the terms of a $7.2 billion settlement between credit card companies and merchants, reports ABC News. What does this mean? Nobody really knows. Just because merchants now have the ability to impose up to a 4 percent surcharge, it doesn’t mean that they will, according to Time....