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Sri Lanka Equity Forum » Stock Market Talk » WHY RETAILERS ADD SURCHARGE ON CREDIT CARD PAYMENT

WHY RETAILERS ADD SURCHARGE ON CREDIT CARD PAYMENT

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worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Most of retailers, ticketing agencies, travel sector add a surcharge from 3 -3.5% surcharge on credit card payments. Reputed banks say it is not allowed to do so that means not legal. Once a tourist asked why a surcharge in buying electronic equipment shopkeeper had no valid reason.
Is really such surcharge monitored by authorities?

csebrowser


Senior Equity Analytic
Senior Equity Analytic
yes, its happened to me. then I complained to consumer authority and got my money back.

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