article thumbnail

Avoided.io: Revolutionising chargeback management and fraud prevention

The Payments Association

Ensuring compliance with industry regulations : As a member of The Payments Association, avoided.io is committed to ensuring its platform complies with the latest payment industry regulations and card network rules.

article thumbnail

Credit Card Surcharges: What Are They, and How Do They Work?

Stax

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. How Do Credit Card Surcharges Work? If you lean into it, the next section will detail how this process works.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

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. In case of ambiguities, don’t hesitate to consult with state regulators.

article thumbnail

What Is a Convenience Fee & Should You Charge It?

Payment Savvy

Complexity of Implementation: Ensuring compliance with various card network rules and state laws can be complicated. Legal Considerations for Convenience Fees Before implementing convenience fees , it’s crucial to understand the legal landscape and card network rules that govern these charges.

article thumbnail

How to Build a Chargeback Payments Team in your Company

Clearly Payments

Legal Advisor: The Protector In complex or high-value disputes, the legal advisor ensures compliance with regulations and assists in developing a robust defense during the representment process. Collaboration with the Analyst: Advises on handling complex chargeback cases and navigating card network rules.

Disputes 105
article thumbnail

Can You Decrease Credit Card Interchange Fees?

Stax

Do be aware there may be local regulations in your area to prevent that, though.) This strategy offers transparency and allows businesses to maintain their profit margins while offsetting the cost of processing card payments. There are plenty of benefits to the surcharging model.

article thumbnail

Can I Legally Charge a Credit Card Fee?

EBizCharge

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.