Surcharge (payment systems)

A Surcharge is an extra fee charged by a card acceptant when paying with cheque, credit Card, charge Card or debit card (but not cash) to cover the cost of the merchant service charge.^[1] It may be prohibited by card issuers — at all (e.g. Visa and MasterCard in the United States) or when the acceptant also accepts cards with a prohibited surcharge. Law may force to allow or prohibit a surcharge. No surcharge means that it is included in prices (even when paying with cash).

European Union

Surcharges are permitted in the European Union but, in March 2015, the European Parliament voted to cap interchange fees to 0.3% for credit cards and to 0.2% for debit cards.^[2]

United Kingdom

In the United Kingdom, The Consumer Rights (Payment Surcharges) Regulations 2012 limits payment surcharges but there are some exceptions. Payments for the supply of water, gas and electricity are regulated but payments for calls from public telephones are not regulated.^[3]

References

Credit, charge, stored-value, and debit cards

Major cards	American Express Diners Club MasterCard Debit MasterCard Maestro Visa Visa Debit Visa Electron

Regional and specialty cards	Bancomat BC Card BCA Card Carte Bleue China UnionPay Dankort Discover EFTPOS Electronic Payment Services (EPS) Girocard Interac JCB NETS RuPay UATP V PAY MEPS

Stored-value cards	Touch 'n Go EasyCard Octopus card EZ-Link Shanghai Public Transport Card Yikatong Shenzhen Tong Suzhoutong Yang Cheng Tong

Defunct cards	Access Bankcard Carte Blanche Choice enRoute Eurocard Everything Laser Rail travel card Revolution Card Solo Switch

Accounts	Bank card number Card enclosure Credit card balance transfer Credit limit Revolving account Deposit account Current/Checking account Savings account

Debt	Cash advance Charge-off Maxed out

Interest	Grace period Introductory rate Universal default

Payment	Card not present transaction Chargeback Controlled payment number Dispute

Interchange fee	Interchange fee Surcharge

Security	Card security code Chargeback fraud Credit card fraud Credit card hijacking Enculturation

Technology	Automated teller machine Chip and PIN Contactless payment Credit card terminal EMV Interbank network Magnetic stripe card Smart card

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