Remove Caps Remove Checks Remove Processing Costs
article thumbnail

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

Stax

TL;DR Credit card processing fees eat into the profits of small businesses. Surcharging offers a way to pass credit card processing costs to the customer, letting businesses keep their earnings. Check the laws Firstly, businesses need to determine whether surcharging is legally permissible in their jurisdiction.

article thumbnail

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

EBizCharge

If you’re thinking about passing your credit card processing costs onto customers, it’s important to understand how the major card networks—like Visa, Mastercard, Amex, and Discover—handle surcharges. This cap is in place to protect customers from being overcharged and to maintain consistency across merchants.

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

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

EBizCharge

If you’re a business owner looking for ways to cut down on credit card processing costs, adding a surcharge might be one option worth considering. The goal is simple: to help offset the credit card processing fees you’re already paying to accept those cards. Make sure you check your state’s rules before proceeding.

article thumbnail

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

EBizCharge

As payment processing costs continue to rise, many businesses are looking for ways to offset these fees. Two popular options—credit card surcharges and convenience fees —can help recover some of these costs. Used by merchants who want to keep prices competitive without absorbing card processing costs.

article thumbnail

Restaurant Credit Card Surcharges: Legalities & Best Practices

EBizCharge

Research Surcharge Laws Understand federal guidelines and credit card network rules Check state laws to confirm surcharge legality in your location Consult legal counsel to ensure full compliance 2. For more on network fees, check out this interchange fee guide. Here are the steps to get started surcharging: 1.

article thumbnail

How Do You Offset Credit Card Processing Fees?

EBizCharge

If the dispute is resolved in favor of the customer, the merchant is charged a fee to cover the processing cost of reversing the transaction. This includes clearly communicating the surcharge to customers before purchase and limiting surcharging amounts to the legal amount, which is capped at 4% in the U.S.

article thumbnail

Small Business Guide to Credit Card Surcharges

EBizCharge

A convenience fee, on the other hand, is charged for using an alternative payment channel—like paying online instead of by check. Others allow it but require specific steps like formal notification, prescribed signage, or capped surcharge amounts. Check with a tax advisor or your local Department of Revenue to be sure.