Merchants pay credit card companies like VISA and MasterCard a processing fee each time a customer uses a credit card. Historically, credit card companies and large banks that issue cards prohibited merchants from passing that cost directly on to customers in the form of an extra fee.
But retailers took the card companies to court and under a settlement agreement, credit card companies can no longer prevent retailers from hitting customers with a surcharge for using a credit card. The added charge is supposed to represent the merchant’s cost to accept the card, and it can be anywhere from 1.5% to 4% of your purchase price, not including the sales tax.





The Franklin Board of Realtors recently honored realtors for their contribution to the Real Estate Community.








