Remove Assessments Remove Best Practices Remove Card Network Rules
article thumbnail

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. Best Practices for Success So, what can you do to improve your overall odds of success here?

article thumbnail

Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging. Security audits.

article thumbnail

Credit Card Surcharges: What Are They, and How Do They Work?

Stax

That said, you can’t just decide and impose credit card surcharges overnight. It requires stringent adherence to regulatory guidelines and card network rules, from surcharge caps to disclosure requirements. These aren’t the same as the fees incurred by businesses when accepting credit cards.

article thumbnail

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.

article thumbnail

Stay Aware and Protect Against Hidden Charges

Segpay

Merchants can implement several best practices to avoid surprise processing costs. Processing Fees Interchange fees, assessment fees, and merchant service charges – whatever the label, processing charges extract a piece of every transaction. Stay alert for common hidden charges that can significantly impact merchant success.

IRS 52