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The new rules won’t be a free-for-all, as starting Thursday, merchants must give card providers 30 days’ notice of their intent to start charging a fee. They must also make it clear to customers at the time of payment that there’s a surcharge, and it can’t be more than they pay themselves. Finally, the surcharge will be capped at 2.4 per cent. But the rules won’t be in force in Quebec, because that type of fee is forbidden under the province’s Consumer Protection Act.
Telecom provider Telus has already warned its customers that they’ll have to pay a surcharge of about $2 per customer on average starting this month, if they pay their bill with a credit card. And more and more businesses are likely to do the same soon.
From Paying with a credit card? Expect to see a fee when you shop under new rules that start now:
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