Merchants Considering Credit Card Surcharges – NY Times

“In a symbolic move, ScanMyPhotos.com, one of the plaintiffs in the class action that led to the settlement, dropped its prices to demonstrate โ€œthat cardholders benefitโ€ from the deal, not just people who pay with cash, said Mitch Goldstone, the chief executive. Mr. Goldstone reckoned that merchants and Web sites like his, which accepts only credit card payments, will now be able to negotiate with the credit card companies for lower transaction fees.”

 

Read the full article at http://www.nytimes.com/2012/07/17/business/merchants-consider-credit-card-surcharges-or-cash-discounts.html?_r=3