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Old 12-20-2013, 09:27 AM   #12
Lamplighter
Person who doesn't update the user title
 
Join Date: Jun 2010
Location: Bottom lands of the Missoula floods
Posts: 6,402
Quote:
That's not my takeaway from the article. I read it that the fees are the same...
That is not my reading at all.

To wit:
Quote:
Some businesses might be tempted to keep their current prices and add a surcharge for credit-paying customers, but Mr. Morrison of Animal Land said he would not do that.
<snip>
Other businesses might not want differential pricing at all, fearing the distinction could drive customers to rivals.
This is the essence, as I read it:
Quote:
In approving the Visa and MasterCard settlement, Judge John Gleeson of the United States District Court in Brooklyn wrote,
“For the first time, merchants will be empowered to expose hidden bank fees to their customers, educate them about those fees
and use that information to influence their customers’ choices of payment methods.”

Last edited by Lamplighter; 12-20-2013 at 09:38 AM.
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