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Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

Surcharging incentivizes customers to use alternative, lower-cost payment methods. The more they use cash payment, the lower your overall processing expenses. In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging.

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An Overview of Payment Regulation In The USA

Clearly Payments

Moreover, by establishing rules for payment networks and financial institutions, regulation mitigates systemic risks and fosters fair competition, thereby enhancing market efficiency. They establish rules, standards, and fees for participating financial institutions and merchants.