Gaishan6 hours ago
Starting from October, credit card surcharges are banned in Australia.
https://www.rba.gov.au/payments-and-infrastructure/review-of...
Would the business apply the proposed 2% APR on the time it takes any refunds to arrive in the spirit of being fair?
- toomuchtodo6 hours ago
  They are legal in most of the US and usually limited to cost recovery for the merchant fee (3-4%).
  If a business can support pay by bank via instant payments, that is a cheaper, almost instant option. With that said, Stripe is the least amount of friction for accepting payments online until the merchant fees become painful at scale.
hypercube672 hours ago
This question is very practical. Credit card fees are a burden for small businesses, but passing costs to customers may affect sales.
dlcarrier4 hours ago
Must businesses I deal with charge 3%. I don't know of any which have a charge less than 3%, except gas stations which usually charge ten cents per gallon, which used to be more than 3%, but now is much less than 3%.