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Fees › Surcharges › Credit Cards

Venable LLP

Drip Pricing, Surcharging, and the Push for “Total Price” Disclosures

Venable LLP on

One of the questions that remains uncertain among looming federal and state “junk fee” and “drip pricing” bans in 2024 concerns the impact these rules will have on credit card surcharges. Surcharges are added to sale...more

Orrick, Herrington & Sutcliffe LLP

New York AB 2672 goes into effect and establishes credit card surcharge provisions

Orrick, Herrington & Sutcliffe LLP on

Recently, New York AB 2672 (the "Act") was enacted, and went into effect on February 11. The Act requires merchants that impose a credit surcharge fee to clearly and conspicuously post prices inclusive of a surcharge fee....more

ArentFox Schiff

Visa Reduces Its Merchant Surcharge Cap to 3% Effective April 15, 2023: Merchants Should Ensure They Are in Compliance to Avoid...

ArentFox Schiff on

Effective April 15, 2023, Visa has implemented a reduction in the permissible merchant surcharge to the lower of: (a) the merchant discount rate (MDR) for the applicable credit card or (b) 3%. The MDR is the fee charged to...more

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