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Bodegas Put on Notice as Visa Fights Back on Card Surcharges
- Visa lowers surcharge fees, sends auditors to check compliance
- More merchants turn to surcharges as interchange fees bite
A customer leaves a bodega in the Brooklyn borough of New York.
Photographer: Michael M. Santiago/Getty ImagesThis article is for subscribers only.
The world’s largest payment network is making changes to how it deals with merchants who want to charge customers extra when paying with a credit card.
In recent months, Visa Inc. lowered the maximum amount retailers can charge consumers using the firm’s cards. The company has also started sending in-person auditors to ensure stores are complying with its rules when levying such surcharges.