Visa Surcharging Notice
In November 2012, the United States District Court for the Eastern District of New York preliminarily approved a proposed settlement agreement in the In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation. As part of this settlement, Visa is required to implement certain Visa International Operating Regulation rule changes, including the ability for merchants in the U.S. and U.S. territories to surcharge certain credit card transactions beginning January 27, 2013.
Merchants who choose to surcharge once the rule changes take place will be required to follow certain requirements, including disclosure of surcharge practices of customers at the store entry point and at the point of sale.
Resources
For more information please visit Merchant Surcharging at Visa USA or contact IP Pay Support by phone at 847.346.0990 or through the web.
