EBizCharge

JUNE 28, 2024

When it comes to accepting payments, businesses often grapple with the costs of credit card processing fees. The question “Is it legal to charge a credit card fee?” This article will explore the legality of charging such fees as well as the pros and cons associated with them.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

Clearly Payments

SEPTEMBER 18, 2024

A chargeback is a reversal of a credit card transaction initiated by the cardholder’s bank, usually as a result of a dispute by the customer over the purchase. Key Activities of a Chargeback Team Reviewing Dispute Notices: Receiving and thoroughly investigating dispute notices from credit card issuers is the first task.

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Disputes Fraud Prevention Payments Credit Cards 96

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. This is good news because it means you won’t have to inflate your base prices to cover payment processing fees.

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Credit Cards Caps Best Practices Laws 88

Segpay

FEBRUARY 28, 2024

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

Processors 52

Processors IRS Push-to-Card Non-Bank 52

Stax

JANUARY 15, 2024

Credit card surcharging can help offset these expenses, but it can be tricky. Failure to comply with its policy frameworks can have severe consequences— legally and financially. In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging.

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?

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Credit Cards Processors Assessments Non-Bank 88

Clearly Payments

FEBRUARY 8, 2024

Its primary objectives encompass safeguarding consumers, maintaining financial stability, promoting market integrity, preventing fraud and security breaches, and ensuring legal compliance. These rules cover various aspects such as interchange fees, transaction routing, card acceptance requirements, and data security standards.

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Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 87