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

EBizCharge

At EBizCharge, we help businesses implement surcharge programs that reduce costs without violating card network rules or state laws. What Is a Credit Card Surcharge? It involves understanding card network rules, transparency with customers and setting up your systems to support the fee.

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Is Zero Cost Credit Card Processing Suitable for Your Small Business?

EBizCharge

Additional charges can result from various circumstances, such as chargeback fees, Payment Card Industry (PCI) non-compliance fees , monthly minimum fees, and gateway fees. Compliance also involves adhering to card network rules and maintaining PCI compliance to protect sensitive card information and build customer trust.

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Can You Decrease Credit Card Interchange Fees?

Stax

Additional fees Generally, processors toss in other fees, like monthly statement fees, gateway fees, or chargeback fees if customers dispute a transaction. This strategy offers transparency and allows businesses to maintain their profit margins while offsetting the cost of processing card payments.

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Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

Each SAQ has a respective AOC form] Level 3 20 thousand to 1 million annual card transactions Same as Level 2 Level 4 Up to 20 thousand annual card transactions Same as Level 2 The latest ​​PCI DSS version 4.0 Let’s now proceed to the final compliance that requires your attention: the card networks you engage with.

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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. Use secure payment gateways and adhere to Payment Card Industry Data Security Standard (PCI DSS) guidelines.