Stax

SEPTEMBER 26, 2024

That said, you can’t just decide and impose credit card surcharges overnight. It requires stringent adherence to regulatory guidelines and card network rules, from surcharge caps to disclosure requirements. Credit card networks like Mastercard and Visa set a universal limit of 4% on these fees.

Credit Cards 88

Credit Cards Caps Best Practices Laws 88

EBizCharge

JUNE 28, 2024

Fee amount The amount that can be charged for CC fees is determined by credit card company regulations. Credit card networks impose a cap on surcharges, typically restricting them to no more than the merchant’s cost to process credit card transactions or up to 3%, whichever is lower.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

Segpay

FEBRUARY 28, 2024

Merchants can implement several best practices to avoid surprise processing costs. Try negotiating caps after volume thresholds or bundled transaction pricing. Key Takeaways √ Hidden charges in payment processing can dig into and erode your bottom line. No enterprise wants brakes applied to their own success.

Processors 52

Processors IRS Push-to-Card Non-Bank 52