The surcharge ban kicks in on October 1, but do we even need card payments anymore?
The debate no longer needs to be only about cash or cards, as new payment methods give businesses more options.
It’s anyone’s guess how the average business will handle this week’s October 1 surcharge ban. Will they absorb the cost? Will prices go up? Will some use it as cover to gouge? And will some just ignore it and keep surcharging anyway? I’ve watched merchants cling to $10 card minimums for years after the rest of the market moved on, so I wouldn’t rule it out.
We’re about to find out, and it’s going to trigger a lot of discussion.
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