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. Learn how your business can capitalize on these transaction fees while staying on the right side of the law.

Credit Cards 88

Credit Cards Caps Best Practices Laws 88

Stax

JANUARY 15, 2024

Surcharging involves understanding federal laws, state-specific restrictions, and international regulations. PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Utilizing global payment networks (Visa, Mastercard, etc.) Enter the PCI DSS compliance.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Stax

NOVEMBER 15, 2023

Additional fees Generally, processors toss in other fees, like monthly statement fees, gateway fees, or chargeback fees if customers dispute a transaction. This strategy offers transparency and allows businesses to maintain their profit margins while offsetting the cost of processing card payments. Can you decrease interchange fees?

Credit Cards 88

Credit Cards Processors Assessments Non-Bank 88

EBizCharge

JUNE 28, 2024

For example, Colorado, Connecticut, Massachusetts, and others have laws prohibiting surcharges. Determining the legality of charging credit card fees requires understanding various individual state laws , card network regulations, and the type of fee being charged. That said, not all states allow this practice.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

Clearly Payments

FEBRUARY 8, 2024

Through transparent disclosures, dispute resolution mechanisms, and limits on consumer liability, regulations shield consumers from deceptive practices and ensure their financial well-being. It oversees compliance with federal banking laws, including those governing payments.

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105

Clearly Payments

NOVEMBER 18, 2024

Here are some other articles on chargeback management: How to Build a Chargeback Payments Team in your Company How to Win Chargeback Disputes What is a Good Credit Card Chargeback Rate for Merchants? Skills Required: Attention to detail, familiarity with card network rules, and proficiency in analyzing transaction data.

PCI DSS 59

PCI DSS Address Verification System (AVS) Disputes Card Network Rules 59