Interchange Fees
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Interchange Fees
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Retailers Charge Foreigners to Use Credit Cards by Luke We’ve been hearing more and more reports from travelers who go overseas and are charged by merchants for using credit cards. In one case a person was even pressured by the merchant to use a different credit card. This practice is called “steering.” A merchant will tell you that they do accept credit card X, but encourage you to use a different card instead. In more egregious cases, a merchant will tell you that they absolutely will not accept a certain card for what you want to buy — even though their store window says they will. Why are they doing this?  Comments (0)
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December 6, 2006 