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

Local News

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.
 

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Your Stories Map

Click on each Your Stories icon on the map below for a link to previous answers to popular questions:

Live Doppler 9 Map Center

CNY View

CNY View

CNY View

Oswego Area

Oswego Area

Syracuse Area

Syracuse Area