Legal Question in Business Law in New York
Charge Fee For Credit Cards
Is it Legal For A Reatil Esteblishment To Charge A Fee For Credit Card Proccing?
Asked on 9/25/02, 3:50 pm
1 Answer from Attorneys
John Friedman
Law Office of John K. Friedman
Re: Charge Fee For Credit Cards
There is no NYS law that prohibits any credit card vendor from assessing a fee for use of a credit card. It is becoming more and more popular as "swipe fees" (the charge the credit card clearing bank assesses merchants for using the credit card network) are increasing due to fraud.
Answered on 9/25/02, 3:59 pm
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