Tuesday, October 4, 2022
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Swipe fees in effect, but not in Conn. or NY

Although Connecticut and New York are among the 10 states to prohibit surcharges on credit cards, retailers in most states are now allowed as of Jan. 27 to charge customers a checkout fee for using a credit card.

Retail industry promises to fight $7.2B swipe fee settlement

After seven years of antitrust litigation and negotiations between Visa, MasterCard and some of the country’s largest retailers and trade associations, a $7.2 billion settlement over so-called “swipe fees” was filed Oct. 19 with the U.S. District Court in Brooklyn.