Beware Credit Card Surcharges Sunday

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Beware Credit Card Surcharges Sunday Starting Sunday, paying by credit card could get more expensive. Under the terms of a $7.2 billion settlement reached last summer between credit card companies and merchants, merchants will be free, starting Sunday, to impose a surcharge on customers paying by credit card. How big a surcharge depends on how much the merchant pays on processing fees, but the amount legally permissible will be between 1.5 percent and 4 percent of your purchase price.

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