Have you seen the signs?
“Due to high credit card fees, we wish you would pay in cash” or “Due to high credit card fees we will be charging customers a 2% fee if they use their card”.
Retailers aren’t happy that credit card companies are in control of how payments are processed, and lawmakers are listening.
The Credit Card Competition Act was first proposed in 2022, but it’s been re-introduced this summer. Retailers are supporting this Act, but you might not be.
Read More Here: https://www.wfmynews2.com/article/news/local/2-wants-to-know/credit-card-cashback-points-reward-miles-could-a-proposed-law-make-them-disappear-competition-act-fees-retailers-consumers-visa-mastercard/83-758e93b2-5098-45b2-8a2c-a2b752924519
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