[plug] Where to buy computer bits in Perth
Jason Nicholls
jason at mindsocket.com.au
Sat Feb 22 13:48:04 WST 2003
G'day,
On Sat, Feb 22, 2003 at 08:40:36AM +0800, William Kenworthy wrote:
> None the less, I always thought that charging a fee at the retail end
> was illegal, and the law has only just been changed to allow this, so
> why has this been happening for so long?
Not illegal. In the past however, most merchant contracts would explicitly
state the business should not charge a fee to customers when paying with
credit cards.
Now the law states that businesses can pass on the costs (regardless of the
contract). Unfortunately I don't believe it has any ties with the actual
merchant fee. e.g. they may be charged 1.5% by the banks for customers paying
with VISA, but then charge a 5% fee!!
Later,
Jason Nicholls
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