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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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The Best Way for a Business to Handle Chargeback Management

Clearly Payments

Chargebacks, while essential for consumer protection, can pose significant challenges to businesses. Key Impacts of Poor Chargeback Management: Financial loss: Businesses not only lose revenue but may also incur fees from payment processors. Reputation risk: Excessive chargebacks can damage your standing with card networks.

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Preparing for Surcharge Compliance: A Checklist for Businesses

EBizCharge

If your business accepts credit cards, you’ve likely wondered whether you can pass processing fees on to your customers. 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.

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Maximum Credit Card Surcharge Limits Explained

EBizCharge

One option on the table is adding a credit card surcharge—a small extra fee to help cover your costs. But here’s the catch: surcharge rules are a patchwork of federal guidelines, state laws, and card network rules. And the card networks like Visa and Mastercard have their own rulebooks.

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Debit Card Surcharging: Is It Legal?

EBizCharge

Let’s say you buy a $50 item, and the store has a 3% surcharge for credit card use. if you used your credit card instead of cash or a check. goes toward offsetting what the business must pay the processor or card networks, like Visa or Mastercard. Why is this rule in place? You’d end up paying $51.50

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How to Build a Chargeback Payments Team in your Company

Clearly Payments

A chargeback is a reversal of a credit card transaction initiated by the cardholder’s bank, usually as a result of a dispute by the customer over the purchase. It acts as a consumer protection tool, allowing customers to reclaim funds for unauthorized transactions, fraud, or dissatisfaction with goods or services.

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Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

Utilizing global payment networks (Visa, Mastercard, etc.) Below are some quick tips to ensure compliance with international laws: ​​Collaborate with industry-trusted payment processors for seamless international multi-currency transactions without legal complications. CardX is your go-to partner for smarter credit card surcharging.