“Businesses are charged a processing charge by their credit card processing company for accepting the credit card,” said a spokesperson for the N.C. Retail Merchants Association.
“The average credit card processing fees range from about 1.3% to 4%, plus the payment processor’s cut, which can vary depending on the processor.
“To process credit card payments, merchants must pay interchange fees, assessment fees, and processing fees. There is not a federal or state law prohibiting the ice cream eatery from charging the surcharge which is similar in nature to a gas station charging you a lesser price per gallon for cash versus credit.
A spokesman for the Office of the State Treasurer said that the Unclaimed Property fund does have a lot of money in safekeeping — nearly $800 million waiting to be collected by the rightful owners.
