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Detailed text transcripts for TV channel - FOXNEWS - 20130125:21:42:00

cash. dave, this is new. can every credit everytime you swipe they can nail you for 4%? yeah. isn t that neat? the merchant fees are going to be passed on directly to the consumer. not even in the cost of the product. this this comes from a settlement from a huge lawsuit that has been going on for many years, where visa used to be able to say you can t charge a different price if you take visa than if you pay cash, and now they can. they have to post signs in the store if they re going to do this, so you can at least know you re being charged more for using your credit card. you said something, they weren t allowed to charge more price for the product higher for using credit card. don t they do that at gas stations? well, they ve been doing it, and this lawsuit has been that s one of the things that brought it up. and wal-mart, the big chains came out against, and it was a clash of the titans between the big retail federation people and the whole visa/mastercard

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