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List Of States Charging 4% Surcharge ‘Checkout’ Fee. Credit card users in some states may have noticed a new fee on transactions when they swipe their cards thanks to new “checkout” surcharge fees. According to CNN Money, the new 4 percent “checkout” fee rolled out on Sunday in 4. U. S. after a $7.

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The settlement, announced back in July, happened when Visa, Master. Card and nine other major banks settled to fix credit card processing fees with merchants. Part of the agreement noted that credit card issuers would reduce the fees paid by merchants when credit cards are used, but only until eight months after the settlement was reached. Watch Something To Talk About Online Hoyts. Now, that window of time has come and gone, and, as a result, merchants and retailers now have the option to charge customers who use credit cards. Beginning on Sunday, some merchants began charging between 1. This allows merchants, if they choose to, to impose their own surcharge - - an additional surcharge the merchants asked for and will be allowed to charge - - as part of this $7 billion settlement,” South Dakota Bankers Association President Dave Everson said. However, in the settlement, merchants and retailers have the option to charge or not to charge the tax on its customers.

Some retailers and merchants have lambasted the agreement, saying it puts the “wrongdoings of credit card issuers” on the consumer, according to CNN. Some retailers, like Walmart, Macy’s, JCPenney, the Limited Brands and more, joined a petition with the National Retail Federation, claiming the new tax threatens merchants’ priority to keep prices low for customers."We have discussed the settlement with many, many merchants, and not a single merchant we have spoken to plans to surcharge," Craig Shearman, spokesman for the National Retail Federation (NRF), said in a statement. The bottom line is that very few retailers would be able to surcharge under the settlement, and that the vast majority don't want to surcharge even if they could."Still, retailers have the dilemma in choosing whether to take the burden upon themselves or charge customers the new tax.

• It's not an encouraging sign for burdened U.S. consumers - another swipe fee, but not every state is allowing the new charge.
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Worse yet, others are afraid retailers will begin to charge consumers twice for the fee, since typically merchants build in costs into their regular pricing.“It’s predictable what’s going to happen,” Edgar Dworsky, founder of Consumer. World. org, told NBC News. We’re at the top of the hill and we’re going to start going down that slippery slope.”For concerned consumers, it should be noted that the new surcharge fee does not apply to purchases made using debit cards. Also, it is illegal to charge the fee in 1. California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas.

The remaining 4. 0 states will charge the new “checkout” fee. National retailers including Walmart, Target and Mc. Donald’s vowed not to pass on the tax to customers in any states. By law, though, retailers charging the fees, both online and in brick and mortar stores, will be obligated to post signs informing customers of the new tax. Below is a list of states that will charge the new “checkout” fee for credit card transactions. Alabama. 2. Alaska. Arizona. 4. Arkansas.

Delaware. 6. Georgia. Hawaii. 8. Idaho. Illinois. 10. Indiana. Iowa. 12. Kentucky. Louisiana. 14. Maryland.

Michigan. 16. Minnesota. Mississippi. 18. Missouri. Montana. 20. Nebraska.

Nevada. 22. New Hampshire. Watch Season 3 Homeland Free. New Jersey. 24. New Mexico.

North Carolina. 26. North Dakota. 27. Ohio. 28. Oregon. Pennsylvania. 30. Rhode Island. 31.

South Carolina. 32. South Dakota. 33. Tennessee. 34. Utah. Vermont. 36. Virginia. Washington. 38. West Virginia. Wisconsin. 40. Wyoming.