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Minimum Charge for Credit Card Purchase

Cardfellow

It is acceptable for you to set a minimum charge on credit card purchases as long as you abide by the stipulations as set forth in your processing agreement with Visa, Mastercard and Discover. So, although the Federal Reserve currently caps the fee at $10, it can change. You’ll have to follow applicable rules as well.

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Neo Space Group at LEAP: Young Talent Inspiring Young Talent with Moutaz Mashhour, Chief HR

The Fintech Times

When the Neo Space Group crossed his path, he noted: What’s better than capping your career with something this big that is this important to the kingdom? Speaking to this, Mashhour added: We have an agreement with King Abdullah University of Science and Technology. This is only the beginning was the sentiment shared.

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Singapore’s Competition Regulator Says No Merger Notification from Grab, GoTo

Fintech News

However, GoTo reiterated on Wednesday that no agreement had been reached, following a recent report that Grab had begun due diligence for a potential takeover. The regulator has the authority to impose fines of up to 10% of a companys turnover in Singapore per year of infringement, capped at three years.

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Credit Card Surcharges in Canada: A Legal Guide

EBizCharge

As part of the agreement, the card brands agreed to allow surcharging under certain conditions, effectively rewriting the rules for credit card processing in Canada. Here are the key rules: Maximum credit card surcharges are capped at 2.4% of the transaction amount. It includes tools to calculate fees within the 2.4%

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Want the Cheapest Credit Card Processing? Surcharging May Be the Answer

Stax

in-person vs. online transactions), and agreements with the payment processor or acquiring bank. This includes adjusting the surcharge rate to comply with caps that may exist in certain jurisdictions, and ensuring that surcharges are properly disclosed to customers prior to the completion of the transaction. Clear communication is key.

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Preparing for Surcharge Compliance: A Checklist for Businesses

EBizCharge

Doing so violates network agreements and can result in penalties or loss of processing privileges. Each card brand—Visa, Mastercard, American Express, Discover—has its own surcharge guidelines. You can’t selectively surcharge just Visa or just Mastercard and leave the others out.

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Free Credit Card Processing for Small Businesses: Too Good to Be True?

EBizCharge

A hard cap on the fee—usually no more than 3% of the transaction amount. Some agreements lock you into long-term deals or include early termination penalties. EBizCharge equips merchants with all the tools they need: surcharge-ready POS systems, automated disclosures, dynamic fee caps, and integrated reporting.