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Writing the Perfect Credit Card Surcharge Notice

EBizCharge

Adding a surcharge to credit card transactions can be a great way for businesses to offset processing costs but doing it right matters. Visa and Mastercard have surcharge rules. Break those, and you might face processing restrictions or extra fees. That’s where a clear, legally sound surcharge notice comes in.

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What Is a Convenience Fee & Should You Charge It?

Payment Savvy

For example, you could add a convenience fee if your standard payment method is cash or check, but a customer wants to pay over the phone or online with a credit card. This fee compensates for these alternative methods’ higher processing costs and potential risks.

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

Stax

This is good news because it means you won’t have to inflate your base prices to cover payment processing fees. 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.

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Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

Are you struggling with resource constraints caused by soaring credit card processing costs? Credit card surcharging can help offset these expenses, but it can be tricky. TL;DR Credit card surcharging involves adding a fee to transactions with credit card payments, offsetting processing costs.