Hacker News new | ask | show | jobs
by wtn 2177 days ago
That's because US federal law no longer allows credit card companies to forbid cash discounts.

The above poster was incorrect.

1 comments

(1) Cash discounts were always permitted ("2% off for paying with cash")

(2) Credit surcharges and minimums used to be forbidden, but they are not anymore ("2% surcharge for paying with credit, minimum $10 for card payments")

(3) It wasn't federal law, it was the merchant agreements that precluded credit card minimums and surcharges as a condition of signing up to accept credit card payments from each of the major issuers.