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

Determining the legality of charging credit card fees requires understanding various individual state laws , card network regulations, and the type of fee being charged. It’s essential to check with legal counsel or financial advisors to align with the latest legal standards and avoid potential penalties or customer disputes.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

Segpay

FEBRUARY 28, 2024

Try negotiating caps after volume thresholds or bundled transaction pricing. Chargeback Fees Disputed charges initiate time-consuming arbitration processes with administrative fees imposed on merchants. Too many disputes also risk account reviews or terminations.

Processors 52

Processors IRS Push-to-Card Non-Bank 52