Despite the recent spate of states introducing legislation to stop retailers from surcharging credit card transactions, executives from both a major card brand and major retail organization agreed that such surcharging is highly unlikely in the near term – and without legislation.
Speaking on background, one card executive acknowledged that few retailers in the near term were likely to launch a formal effort to surcharge card transactions, but recounted the experience consumers had in Australia where, the executive maintained, card surcharging came in slowly at first but eventually took off to become quite widespread.
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