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Online Retailers Likely to Skip New Credit Card Surcharge
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Retailers can now add a surcharge of up to 4% on credit card transactions, but that doesn’t necessarily mean your next Amazon purchase will include the fee.
Though Amazon hasn’t stated whether it will levy the charge, David Robertson, publisher of The Nilson Report, a credit card industry newsletter, says that retailers in highly competitive industries are unlikely to include the fee. “What inhibits surcharging is when you have two or more competitors,” he says. “You have to face the market reality of ‘Can I get away with it?’”
Amazon reps could not be reached for comment. However, the retailer vies with various online competitors, including Walmart.com and Google Shopping.
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More About: credit cards, online retail, retail
source: http://feeds.mashable.com/~r/Mashable/~3/O4mcfTBT8ho/
2013-01-29 16:02:23
Source: http://someit.com/2013/01/29/online-retailers-likely-to-ski/
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