Is It Illegal to Charge Credit Card Convenience Fees?

John Rossman,
Moss & Barnett

There is a cost associated with a business accepting payments via credit card.  Depending on the type of credit card, bank and payment processor used by the business, that cost can vary for each transaction.  However, most consumers expect and demand that businesses will accept credit cards as a payment method.

For the collection industry, whose members often accept a volume of payments, the fees associated with accepting credit card payments from consumers can be a substantial sum of money every month.

View this content by subscribing

Please register to unlock this content

I already have an account. Log in