Remove Alternative Payment Methods Remove Card Network Rules Remove Processing Costs
article thumbnail

What Is a Convenience Fee & Should You Charge It?

Payment Savvy

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. This fee compensates for these alternative methods’ higher processing costs and potential risks.

article thumbnail

Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

Are you struggling with resource constraints caused by soaring credit card processing costs? Credit card surcharging can help offset these expenses, but it can be tricky. TL;DR Credit card surcharging involves adding a fee to transactions with credit card payments, offsetting processing costs.