Payments Source

SEPTEMBER 3, 2020

election could move the cannabis industry closer to the mainstream, but legal dispensaries will still have to deal with workarounds to accept card or mobile payments. The upcoming U.S.

Legal 158

Legal Mobile Payments Payments Card Network Rules 158

Stax

JULY 30, 2024

TL;DR A credit card surcharge program can be particularly beneficial for small businesses to offset the cost of accepting credit card payments. However, before implementing it, you must know all the state, federal, and card network rules surrounding it. Montana – The surcharge rate is capped at 3%.

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Credit Cards Laws Rules Debit Card 166

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

Legal Advisor: In complex chargeback cases, having legal expertise can be essential, particularly in disputes involving large amounts or multiple fraud claims. Collaboration with the Analyst: Advises on handling complex chargeback cases and navigating card network rules.

Disputes 105

Disputes Fraud Prevention Payments Credit Cards 105

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.

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Credit Cards PCI DSS Compliance Process 88

Payment Savvy

JULY 12, 2024

On the other hand, Surcharges are applied only to credit card payments and are meant to offset the merchant’s cost of processing credit card transactions. Additionally, surcharges are subject to more legal restrictions than convenience fees, with some states prohibiting them altogether.

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Card Network Rules Non-Bank Alternative Payment Methods Credit Cards 52

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