Visa has released a bulletin revealing that many programs marketed as “cash discount” are non-compliant with the payment company’s rules. The company explained that its discount offer rule prohibits programs that encourage merchants to add a fee on top of the normal price of the...
06 March 2014 Merchants in California, Texas and Florida reportedly have filed lawsuits to challenge laws that prevent them from imposing extra charges on credit card purchases. Credit card transactions tend to cost merchants more to process than other payment types. Under network rules, merchants...
October 15, 2023
Consumers have increasingly stopped carrying cash. Businesses are trying to get them to start. As The Wall Street Journal reported Sunday (Oct. 15), merchants are now offering discounts for paying for cash as a way to avoid credit card transaction fees. The report, citing data from the Federal Reserve Bank of Atlanta, says that the share of […]
October 19, 2018
Visa has released a bulletin revealing that many programs marketed as “cash discount” are non-compliant with the payment company’s rules. The company explained that its discount offer rule prohibits programs...
