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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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Preparing for Surcharge Compliance: A Checklist for Businesses

EBizCharge

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. Here are three important rules to be aware of: 1. You can access Mastercard’s official rules here.

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

EBizCharge

The goal of this structure is to allow merchants to benefit from free credit card processing for small businesses or free online credit card processing for small businesses by shifting the expense in a way that’s transparent and compliant with card brand rules. What’s the catch?

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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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Can I Legally Charge a Credit Card Fee?

EBizCharge

Card types The type of card used in a transaction can dictate whether a surcharge is permissible. Credit card (CC) surcharges are subject to different rules than those for debit cards. Adherence to guidelines set by credit card companies.

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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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Stay Aware and Protect Against Hidden Charges

Segpay

How Merchants Can Protect Against Hidden Charges Merchants can implement several best practices to avoid surprise processing costs, such as the following: Reading and understanding payment processing contract Carefully analyze each aspect before signing agreements, even if presented with boilerplate legal jargon.