Remove Card Network Rules Remove Continuity Remove Processing Costs
article thumbnail

Restaurant Credit Card Surcharges: Legalities & Best Practices

EBizCharge

Why Restaurants Add a Credit Card Surcharge Many restaurant owners are looking at credit card surcharges as a financial strategy to combat rising operational costs. As credit card usage continues to grow so do the associated processing fees that eat into profits.

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. What Is a Credit Card Surcharge? Capped at 3% or the actual cost of processing, whichever is lower.

article thumbnail

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.

article thumbnail

Stay Aware and Protect Against Hidden Charges

Segpay

Key Takeaways √ Hidden charges in payment processing can dig into and erode your bottom line. Merchants can implement several best practices to avoid surprise processing costs. 5 minute read Hidden charges in payment processing can seriously impact any merchant’s bottom-line revenues.

IRS 52