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Credit Card Surcharges in Canada: A Legal Guide

EBizCharge

Whether you’re a local shop, a service-based business, or an eCommerce brand, the fees you pay to accept credit card payments can eat into your profits. This guide will walk you through the basics of credit card surcharging in Canada, from legal background and card network rules to disclosure requirements and best practices.

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Automating Chargeback Management: First Steps & Best Practices

Fi911

Templates incorporate best practices and winning arguments, updated based on card network rule changes and success rates. Service level agreements should specify uptime requirements, processing speeds, and support availability. Dynamic fields pull specific transaction details while maintaining proven response structures.

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Preparing for Surcharge Compliance: A Checklist for Businesses

EBizCharge

If your business accepts credit cards, you’ve likely wondered whether you can pass processing fees on to your customers. Credit card surcharging lets you do just that but doing it the right way is essential. Between card network rules, signage requirements, and state regulations, there’s a lot to keep track of.

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

EBizCharge

If you’re not careful, you could end up violating state laws or card network rules, which may result in fines or restrictions from your payment processing solution. Some agreements lock you into long-term deals or include early termination penalties. Are you okay with potentially losing some price-sensitive customers?

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Can You Decrease Credit Card Interchange Fees?

Stax

This markup can be a fixed fee per transaction or a percentage of the total amount, depending on your processing agreement. Make sure you read the fine print on your processing agreement to know what you might be dishing out for these extras. Can you decrease interchange fees? (Do

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How Much Are Debit Card Processing Fees

Payment Savvy

While someone else may be paying a certain rate, your own agreement could result in better terms or potentially higher costs. Types of Debit Card Processing Fees When it comes to debit card processing, you can expect to encounter a number of different types of fees.

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Can I Legally Charge a Credit Card Fee?

EBizCharge

It’s imperative for merchants to calculate these fees accurately and ensure that any surcharge reflects the true cost of processing to remain compliant with card network rules and avoid the appearance of price inflation. Consequently, merchants cannot profit from these fees; their purpose is solely to cover processing costs.