👉Canadians may see a jump in businesses adding credit card surcharges as restrictions on the practice lift this week, though research from the Bank of Canada shows consumers have long been paying extra because of the payment option. The change in the credit surcharge rules came about as part of a class action settlement over the credit card processing fees, known as interchange fees, charged to retailers, and the rules around them that are set by banks and credit card companies. The settlement included $188 million in payouts from banks and credit cards, as well as a removal of the surcharge restriction from Visa and MasterCard.✅ . . #BankofCanada #creditcards #creditcard #creditcardsurcharges #surchargesforcreditcard #canadiancreditcard #creditcardofcanadianbank #Canadanews #canadabanks #dailynewscanada #candadianmallu #mnm #malayalisnearmeapp #canadaupdate #canadanews