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Retailers may charge fee to customers paying with credit cards
Retailers may charge fee to customers paying with credit cards

Customers at Towson Hot Bagels usually pay with credit, not cash, when buying a bagel or a bottle of water, triggering fees the merchant must pay to process each transaction. Now, the shop's owner and retailers across the country may recoup "swipe" fees as a result of a preliminary settlement with Visa, MasterCard and major banks. When a consumer pays with a credit card, retailers can tack on a surcharge or "checkout fee" of up to 4 percent of the purchase to cover processing. But there's no rush among merchants to start charging this fee. Independent shop owners, national chains and retail trade groups insist they have no desire to pass credit card fees along...

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