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How to Add a Credit Card Surcharge: A Step-by-Step Guide

EBizCharge

Make sure you check your state’s rules before proceeding. Step 2: Notify Card Networks and Payment Processor The next step is notifying the card networks and your payment processor. You’ll also want to loop in your payment processor during this step. Card network rules can be updated.

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The Price of Convenience: Is There Such a Thing as Free Credit Card Processing?

Stax

All of these steps are made easy by a surcharge-compliant credit card processor like CardX by Stax. They are typically a small percentage of the transaction value and contribute to the operational expenses and profitability of the card networks. Certain transactions or payment methods may be prohibited from surcharging.

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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.

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

EBizCharge

Credit card processing fees are charges merchants are responsible for when accepting and processing credit card payments. Each time a customer uses a card to make a purchase, the business must pay a small fee to its payment processor. These fees are typically a percentage of total sales volume or per-transaction charges.

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Credit Card Surcharge Guidance: A State-by-State Overview of Surcharging Laws

Stax

TL;DR A credit card surcharge program can be particularly beneficial for small businesses to offset the cost of accepting credit card payments. However, before implementing it, you must know all the state, federal, and card network rules surrounding it. To learn more, contact us today. Request a Quote