Payments News

On The Web

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Amazon.com.au Encourages Customers to Stop Using Their Visa Card | ZDNet

“Amazon has begun informing Australian customers that it would prefer they do not use a Visa card when buying things through its platform. From November 1, Amazon will apply a 0.5% surcharge to purchases made using Visa credit cards on Amazon.com.au. According to Amazon, costs for transactions should be going down, not up.”
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Hilton Hotel Adds Surcharge for Using a Credit Card — Will This Become a Trend?

“There are only four states and one territory — Colorado, Kansas, Massachusetts, Connecticut and Puerto Rico — that explicitly make it illegal to impose an extra fee for using a credit card. Visa requires all businesses that impose a card surcharge to give consumers written notice of it at least 30 days in advance. All of the card networks cap […]
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And Then There Were Two: Colorado’s Passage of Surcharge Law Leaves Massachusetts and Connecticut As Only States With Surcharge Bans

“With Colorado Governor Jared Polis signing Senate Bill 21-091, repealing the state’s ban on credit card surcharging, Colorado has a surcharging law that not only ensures proper disclosure about surcharges to consumers, but mirrors the surcharging rules implemented by Visa Inc. and Mastercard Inc. The new law, signed by Polis on Thursday, caps surcharges at […]
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Surcharging Is Poised to Gain Momentum As State Bans Fall And Acquirers Spot Opportunities

“Surcharges on credit card transactions could pick up momentum now that only four states effectively ban the practice, a panel of experts indicated Wednesday at a merchant-acquiring trade show. That momentum may benefit not only merchants wary of card-acceptance costs but also merchant-service providers that focus on surcharging as a business opportunity, the panel indicated. […]
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Cash Discounts and Surcharging Remain the Hot Topic for ISOs

“They’ve been the subject of intense debate for several years now, but evidence from the Southeast Acquirers Association annual conference Tuesday shows interest among independent sales organizations in discounts for cash and credit card surcharges is as high as ever. About 800 people attended the Atlanta confab that concluded Wednesday, and most of them crowded […]

On The Wires

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SurchX Launches to Change the Profit Game for Merchants

“SurchX is solving one of retail’s biggest challenges – staying profitable in an increasingly commoditized world. With the world’s first interchange fee recovery platform, SurchX’s API uses sophisticated algorithms that enable retailers to securely pass merchants’ fees for credit card transactions onto the customer, while staying compliant with 67 regulatory bodies in the United States.”