07/09/2012 12:03 pm ET

Credit Card Surcharge Fees May Be Introduced As Part Of Swipe Fee Settlement

Merchants may soon begin to impose a surcharge each time a customer pays with credit card, a practice Visa Inc. V -2.23% and MasterCard Inc. MA -3.36% currently prohibit.

Retailers have long pushed for the right to charge extra to customers who pay with plastic versus cash, saying the practice would help defray their costs for accepting credit and debit cards. Merchants pay transaction fees on each card swipe.

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