Merchant Account Services

Archive for the 'Discover Card' Category

Discover to Drop ‘No Surcharge’ Ban

Monday, May 1st, 2018

Discover Financial Services announced in early February plans to eliminate the contested “no surcharge” rule on Discover card transactions. A spokeswoman for the company said that Discover will notify merchants of this development in June, and the policy will take effect this October.

The no-surcharge rule (which Visa and MasterCard also enforce) prevents merchants from adding additional fees to credit and debit card transactions in order to recoup the costs of accepting those cards. It primarily refers to high-priced rewards cards but could also be applied to lower cost debit cards.