Remove Alternative Payment Methods Remove Card Network Rules Remove Laws
article thumbnail

The Price of Convenience: Is There Such a Thing as Free Credit Card Processing?

Stax

Payment method diversification: Surcharging incentivizes customers to explore alternative payment methods, such as cash or debit cards, which do not incur high fees. Surcharging: Is It Free Credit Card Processing For Small Businesses? Local laws and regulations govern surcharging in each jurisdiction.

article thumbnail

How to Add a Credit Card Surcharge: A Step-by-Step Guide

EBizCharge

A surcharge is added only when a customer uses a credit card. A convenience fee, on the other hand, is charged for offering an alternative payment method—like paying online instead of in person. Check that debit cards aren’t being surcharged and that receipts reflect the fee properly. Regulations can change.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Surcharge vs. Convenience Fee: What’s the Difference?

EBizCharge

At EBizCharge, we help businesses implement surcharge programs that reduce costs without violating card network rules or state laws. What Is a Credit Card Surcharge? A university might charge a $3 flat convenience fee for online tuition payments. Customers can still use the standard method fee-free.

article thumbnail

Credit Card Surcharge Rules by Network: Visa, Mastercard, and More

EBizCharge

A credit card surcharge vs. convenience fee comes down to when and why the fee is applied. A surcharge is added specifically for using a credit card, while a convenience fee is charged for offering an alternative payment method, like paying online instead of in person.

article thumbnail

Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

TL;DR Credit card surcharging involves adding a fee to transactions with credit card payments, offsetting processing costs. It offers benefits, such as passing interchange fees to users, boosting profit margins, and encouraging alternative payment methods. Encouraging Alternative Payment Methods.

article thumbnail

What Is a Convenience Fee & Should You Charge It?

Payment Savvy

A convenience fee is an additional charge added to a customer’s bill when they use a non-standard payment method. Essentially, it’s a way for businesses to offset the cost of processing these alternative payment methods while still providing a convenient option for customers.

article thumbnail

An Overview of Payment Regulation In The USA

Clearly Payments

It oversees compliance with federal banking laws, including those governing payments. Federal Trade Commission (FTC): The FTC is responsible for enforcing antitrust laws and protecting consumers from deceptive or unfair business practices, including those related to payments.