Debit card surcharges outlawed in Texas - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Debit card surcharges outlawed in Texas

A new law is making it illegal for business to impose surcharges when customers use debit cards.

Charles Leard is the owner of M&R Liquor in Amarillo. He says there are never any surcharges at their store, but the new law has the potential to financially hurt other businesses.

"You know in the end it's the credit card company, the debit card company has always charged the fee. Now typically what some of the merchants have done is pass on more of that fee so that can be a problem," Leard said.

To make up for the difference in price without the surcharge, some companies may be forced to raise their prices. But, Jean Pray, the owner of Texotic Pet's in Amarillo, doesn't think this will benefit anyone.

"Consumers are very alert and if they shop store to store, they'll figure out whose got the best price and whose doing the mark ups," Pray said.

Leard told us with the right amount of research, businesses owners can find a credit company that doesn't charge a high transaction fee. He said this is the best way to make sure there is no need to pass on the expense to the customer.

"It's possible it could hurt some businesses but it goes back to the credit card processing the debit card processing is just part of doing business," said Leard. "And if you're responsible about it and you go out and research it and find the best rate, you can save yourself a lot of money and save the consumer a lot of money."

Colleen Nelson, NewsChannel 10.

  • Today's Local News HeadlinesToday's Local NewsMore>>

  • BREAKING

    APD investigating officer involved shooting on Harmony

    APD investigating officer involved shooting on Harmony

    Wednesday, April 25 2018 12:50 AM EDT2018-04-25 04:50:36 GMT

    Amarillo police say an incident Tuesday evening in a neighborhood near Harmony and Fulton ended with an officer involved shooting. 

    Amarillo police say an incident Tuesday evening in a neighborhood near Harmony and Fulton ended with an officer involved shooting. 

  • New 'Ghost Corral' sculpture installed in downtown Amarillo

    Tuesday, April 24 2018 11:37 PM EDT2018-04-25 03:37:27 GMT
    Source: KFDASource: KFDA
    Source: KFDASource: KFDA

    A new piece of public art can now be seen at the corner of 6th and Taylor streets in downtown Amarillo, courtesy of Amarillo National Bank and the Amarillo Museum of Art.

    A new piece of public art can now be seen at the corner of 6th and Taylor streets in downtown Amarillo, courtesy of Amarillo National Bank and the Amarillo Museum of Art.

  • City proposing franchise fees for commercial solid waste services in Amarillo

    City proposing franchise fees for commercial solid waste services in Amarillo

    Tuesday, April 24 2018 10:45 PM EDT2018-04-25 02:45:21 GMT
    Amarillo's City Council discussing proposed solid waste ordinance amendments during a work session on April 24, 2018. (Source: KFDA)Amarillo's City Council discussing proposed solid waste ordinance amendments during a work session on April 24, 2018. (Source: KFDA)
    Amarillo's City Council discussing proposed solid waste ordinance amendments during a work session on April 24, 2018. (Source: KFDA)Amarillo's City Council discussing proposed solid waste ordinance amendments during a work session on April 24, 2018. (Source: KFDA)

    The City of Amarillo is proposing new franchise fees to its solid waste program that they anticipate will improve the quality of city services that Amarillo citizens use on a daily basis. 

    The City of Amarillo is proposing new franchise fees to its solid waste program that they anticipate will improve the quality of city services that Amarillo citizens use on a daily basis. 

Powered by Frankly