New York Post Quotes CardX CEO on the Right Way to Surcharge
“A long-running court battle that ended in January gives New York merchants the right to charge extra for credit card purchases as long as the pricing is clear.
‘In concrete terms, the way this works [in New York] is that the customer sees the highest possible price, inclusive of the credit card fee, typically 3.5 percent,’ said Jonathan Razi, CEO of CardX, a Chicago-based credit card processing company.
Instead, some businesses are slipping in sneaky fees or trumpeting non-existent cash ‘discounts.’”