Why is using a credit card costing more at some stores?: Your Stories

SYRACUSE, N.Y. (WSYR-TV) — In one of Your Stories, we got calls asking why it was more expensive to use your credit card than cash.

New York was one of 10 states that banned stores from imposing surcharges for credit card use.

Now, New York’s highest court has ruled it’s okay for businesses to charge extra for a credit card swipe, as long as it’s clearly displayed in dollars and cents.

The National Retail Federation says the charges typically range from two to four percent, which is basically what credit card companies charge stores for each transaction.