Credit card settlement will not aid consumers

Massachusetts Republican | July 18, 2012

According to the rules that have long been in place, a store that accepts credit cards cannot charge more for plastic transactions, though a cash discount may be offered. Other than gas stations, though, almost no retailer has taken advantage of this. All may be changing, however, with the settlement, which allows a store to pump up the price when a customer chooses to pay with credit.

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