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Re: euros/dollars
[Re: eightzerobits]
#207016
10/21/2019 01:34 PM
10/21/2019 01:34 PM
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Joined: Mar 2001
Posts: 17,536
Ohio
ruralcarrier
Traveler
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Traveler
Joined: Mar 2001
Posts: 17,536
Ohio
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I believe that if you have a merchant agreement with a CC, you are NOT allowed to discount for cash.
People do it, but it's not appropriate.
Merchants can't charge a surcharge for using a card, but they are permitted (at least by federal law in the US) to offer a discount for using cash. The card brands have guidelines a merchant must follow, but it can be done. Then I know several smaller businesses/restaurants in the US breaking the law if this is indeed fact. We were in a small but very busy bakery a few days ago with a sign indicating a 50 cent charge for the use of a credit card.
J.D.
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