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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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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 You Decrease Credit Card Interchange Fees?

Stax

Regularly review and compare processing statements Periodically review your payment processing agreements to make sure you are getting competitive rates and that there are no hidden fees. The payment processing landscape changes fairly frequently, so you may no longer be getting the best available deal.

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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.