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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 cardnetworkrules to disclosure requirements and best practices.
Restaurant owners operate on thin margins, and credit card processing fees can quietly eat into profits. This article will explore the legal landscape and best practices for surcharging in the restaurant industry. Each type of fee has its own use cases and legal implications. paying online or over the phone).
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Its primary objectives encompass safeguarding consumers, maintaining financial stability, promoting market integrity, preventing fraud and security breaches, and ensuring legal compliance. These rules cover various aspects such as interchange fees, transaction routing, card acceptance requirements, and data security standards.
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