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Credit card surcharge: Why do shops charge 2% extra and should you pay?

When a customer pays by credit card, the merchant generally incurs a fee for accepting the payment. This cost is commonly known as the Merchant Discount Rate.

Credit card surcharge: Why do shops charge 2% extra and should you pay?

Key Highlights

  • When a customer pays by credit card, the merchant generally incurs a fee for accepting the payment.
  • This cost is commonly known as the Merchant Discount Rate.
  • Desk angle: we track rates, inflation, and bank balance sheets against this headline. Always read the original for filings and quotes.
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