Credit card fees to increase
Updated: January 28, 2013
CNN -- Watch out for a checkout fee if you use your credit card. Some stores can now charge up to 3% more on credit card purchases.
It's all part of a settlement between Visa, MasterCard and nine banks. Because of the settlement, merchants can now pass on fees the credit issuers make them pay.
The fee doesn't apply to debit transactions. MasterCard says it doesn't expect most stores to add the fee since they won't want to lose business.
It's all part of a settlement between Visa, MasterCard and nine banks. Because of the settlement, merchants can now pass on fees the credit issuers make them pay.
The fee doesn't apply to debit transactions. MasterCard says it doesn't expect most stores to add the fee since they won't want to lose business.
