I dont have a source on hand unfortunately, and it has been a while since I last saw it (talking from memory of years ago).
From quick searching, its very complicated:
Some states ban it outright, such as Connecticut, Maine, Massachusetts and Oklahoma.
Some states you cannot charge more for debit cards, period (this appears to extend outside of those 4 states).
Some states you can pass on the surcharge to the customer, must be publicly disclosed (this should be a duh), and itemized on the receipt (also should be a duh). However, some states make this more complicated, by shoving caps on the amount you can pass on.
You cannot charge more for any card purchase, period (with an exception I will mention below). AKA you cannot gain extra profit from a credit card purchase. So a Discover card will pay the same amount as a Mastercard, no discounts allowed between them (with weird caveats/loopholes here and there, but thats mostly on their end, not yours).
There is only 1 way to get around this, offering a cash discount for purchases made exclusively in cash. This is the only exception.
EDIT: This is also obviously only talkin about the USA. I have no idea how it is over in the EU. Frankly, I presume that its worse over there.
Crypto is a wildcard, there is no hard-laws regarding it in most places. So who knows about the legality of doing so or not. That combined with crypto's volatility only makes figuring that out even harder.
I'm not aware of those. Got an example?
I dont have a source on hand unfortunately, and it has been a while since I last saw it (talking from memory of years ago).
From quick searching, its very complicated:
Some states ban it outright, such as Connecticut, Maine, Massachusetts and Oklahoma.
Some states you cannot charge more for debit cards, period (this appears to extend outside of those 4 states).
Some states you can pass on the surcharge to the customer, must be publicly disclosed (this should be a duh), and itemized on the receipt (also should be a duh). However, some states make this more complicated, by shoving caps on the amount you can pass on.
You cannot charge more for any card purchase, period (with an exception I will mention below). AKA you cannot gain extra profit from a credit card purchase. So a Discover card will pay the same amount as a Mastercard, no discounts allowed between them (with weird caveats/loopholes here and there, but thats mostly on their end, not yours).
There is only 1 way to get around this, offering a cash discount for purchases made exclusively in cash. This is the only exception.
EDIT: This is also obviously only talkin about the USA. I have no idea how it is over in the EU. Frankly, I presume that its worse over there.
Thanks for that, I'll keep that in mind. I swear I've seen discounted prices for cash bitcoin transactions.
Crypto is a wildcard, there is no hard-laws regarding it in most places. So who knows about the legality of doing so or not. That combined with crypto's volatility only makes figuring that out even harder.