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That said, you can’t just decide and impose credit card surcharges overnight. It requires stringent adherence to regulatory guidelines and cardnetworkrules, from surcharge caps to disclosure requirements. Credit cardnetworks like Mastercard and Visa set a universal limit of 4% on these fees.
The Legality of Charging Credit Card Fees The legality of charging credit card fees to customers, a practice often referred to as surcharging, varies depending on location and the credit card (CC) company’s policies. Surcharging is legal in many states and is regulated at the state and federal levels.
Try negotiating caps after volume thresholds or bundled transaction pricing. Carefully follow cardnetworkregulations and monitor for shady processors invoking fees without actual non-compliance. However, smaller banks and credit cards avoid coverage.
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