2 Days
Source:
Los Angeles Times
Can businesses charge for credit card use
The primary article discusses the increasing use of credit card surcharges by merchants, which typically range from 1.5% to 3%, to recoup the costs of accepting credit cards. Federal law does not prohibit these fees, though some states, like California, have restrictions that are unenforceable. These surcharges are not profit for banks but are related to interchange and processing fees paid by merchants. The article advises consumers to use other payment methods, such as cash or debit cards, to avoid these charges.
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