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€uromeinke, FEJ. and Ghoulish Delight RULE!!! NA abides. |
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#1 |
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Prepping...
Join Date: Jan 2005
Location: Here, there, everywhere
Posts: 11,405
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It's illegal to charge for credit (and I think it's against Visa and MC TOS to require minimum purchase) but they can charge for debit?
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#2 |
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Join Date: Feb 2005
Posts: 13,354
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Yes. The state legislature passed a bill a couple years ago that would have barred it for credit cards as well but Schwarzenegger vetoed it. So far as know it did not come up again because the federal cap will most likely avoid the issue.
Schwarzenegger's stated logic was the eliminating the fee would simply transfer payment of the interchange fee from consumers who used a card thus causing the fee to spreading it among all consumers so those who used cash would be subsidizing those who don't. |
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