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A Fee Too Far: Merchants, Surcharges, and the War on Plastic
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A Fee Too Far: Merchants, Surcharges, and the War on Plastic
Earlier this summer, my family took a vacation to Ocean City, Maryland, where the boardwalk offered ice cream, souvenirs, and an unexpected lesson in payment economics. Every retailer we visited added a surcharge of at least 3% for credit-card payments, yet not one posted a sign. I discovered the charges only later, while checking my receipts. Some merchants surcharged both debit and credit cards, while others targeted credit cards alone. Ocean …
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