What people in Ontario need to know about new credit card surcharges

Credit card fees can be passed onto customers in Ontario starting tomorrow.

lawsuit involving Visa and Mastercard.

Firstly, businesses must notify their credit card network at least 30 days before starting to surcharge. They must also post notice they are surcharging, and the amounts of any surcharges at point-of-sale, as well as clearly itemize any surcharges on receipts.Businesses are also required to clearly itemize in a dollar figure the cost of the surcharge on receipts.

According to the survey, forty per cent of small firms in Ontario told the CFIB they are not sure if they will begin adding a surcharge and 17 per cent said they don't intend on doing it.

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