As a merchant, can I charge customers a processing fee when paying with a creditcard?
In the past, merchants have been bogged down with fees to use credit services, but following a settlement with most major credit card companies, merchants can now pass this fee onto its customers. As of January 2013, merchants are free to impose up to a 4% surcharge on customers paying by credit card. 10 states have already banned merchants from charging this fee: California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas, there are a few loophole options that will allow merchants within these states to incur a processing charge. What are your options as merchant to manage credit card fees?