Alternative Payment Methods, Card Network Rules and Laws

Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

JANUARY 15, 2024

TL;DR Credit card surcharging involves adding a fee to transactions with credit card payments, offsetting processing costs. It offers benefits, such as passing interchange fees to users, boosting profit margins, and encouraging alternative payment methods. Encouraging Alternative Payment Methods.

Credit Cards

Credit Cards PCI DSS Compliance Process

What Is a Convenience Fee & Should You Charge It?

Payment Savvy

JULY 12, 2024

A convenience fee is an additional charge added to a customer’s bill when they use a non-standard payment method. Essentially, it’s a way for businesses to offset the cost of processing these alternative payment methods while still providing a convenient option for customers.

Card Network Rules

Card Network Rules Non-Bank Alternative Payment Methods Credit Cards

An Overview of Payment Regulation In The USA

Clearly Payments

FEBRUARY 8, 2024

It oversees compliance with federal banking laws, including those governing payments. Federal Trade Commission (FTC): The FTC is responsible for enforcing antitrust laws and protecting consumers from deceptive or unfair business practices, including those related to payments.

Regulations

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT)

Payments Space

Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

What Is a Convenience Fee & Should You Charge It?

An Overview of Payment Regulation In The USA

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