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P.E.I. businesses reluctant to charge credit card fees to customers

Summary by Ground News
Visa, MasterCard and other card providers settled a long legal battle on the issue of who pays credit card processing fees. Now, retailers are able to pass the cost on to the customer, charging them every time they use their credit card. Some small businesses on P.E.I. aren't willing to do that though.

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CBC NewsCBC News
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P.E.I. businesses reluctant to charge credit card fees to customers

Historically credit card transaction fees have been charged directly to merchants, but earlier this month, Visa, MasterCard and other card providers settled a long-running class-action lawsuit on the issue of interchange fees.

·Canada
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CBC News broke the news in Canada on Monday, October 24, 2022.
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