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Old 02-26-2004, 01:26 PM
 
mozalina mozalina is offline
 

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Join Date: Jun 2003
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Quote:
Originally Posted by concepts
Thats illegal by the way, surcharging credit cards. Its in your merchant agreement. cash vs credit card vs other credit cards. If you do it, you better make it invisible.

In Australia surcharging the credit card is not illegal, and many companies using this new role to surcharge consumers, I put some section from government web site here:

Credit card surcharges and bank fees:

"
Why have I been charged a surcharge for using my credit card?

In August 2002 the Reserve Bank of Australia released three credit card related reforms. One of these removed credit card rules that prevented merchants from recouping the cost of merchant service fees directly from consumers who purchased goods or services using a credit card.б═This means that from 1 January 2003 consumers could be charged an additional fee when they purchase goods or services with their credit card.

How much should the credit card fee be?


The Reserve BankБ─≥s reforms allow the merchantБ─≥s bank (i.e. the provider of the merchantБ─≥s credit card 'swipe machine' facility) to restrict their merchants from charging a fee that is greater than the merchant service fee.


The ACCC does not have a 'price setting power'б═for credit card fees.б═It strongly encourages consumers to include the cost of the credit card fee when deciding what they wish to purchase and to shop around to get the best value for their needs.

"

I am not sure about other contries but here in Australia this is ligal and I think this option to add extra surcharge to credit card payment is a must have option for x-cart specially by an admin area to be able adjust percentage of surcharging for each kind of credit card.


chris5000
Thanks for your comment , please let me know when you impliment something for it.

Regards,
Mozalina
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