- A proposed settlement stemming from one of the most significant anti-trust lawsuits in U.S. history will allow retailers to charge up to an extra 4% on purchases made by credit card.
- Last year, Kroger CEO David Dillon said he would consider adding a surcharge to purchases made with high-fee credit cards.
- Keith Daley, spokesman for Kroger, refused to comment on whether the company would implement the surcharge, asserting instead that the company was creating a plan to convince customers to user more low-cost payment options.
From the article:
"... Visa and MasterCard’s proposed settlement, which won preliminary court approval in November, will end a seven-year case brought by retailers alleging that the card companies conspired with major banks to fix interchange, or swipe, fees charged to merchants when customers pay with plastic. The agreement provides for a temporary reduction in rates for merchants and allows them to impose surcharges on customer purchases. ..."