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.

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Stax

SEPTEMBER 26, 2024

The first step is to confirm whether surcharging is legal in your state and, if so, what the maximum allowable rate is. Visa and Mastercard explicitly forbid surcharging on debit cards and prepaid cards to maintain consistency in processing costs. Here are 4 key areas to follow for a smooth and compliant implementation.

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EBizCharge

AUGUST 30, 2024

Similarly, the size of your business and the volume of credit card transactions you process can influence merchant service providers to offer volume discounts or more favorable terms, lowering overall processing costs. However, there are ways they can avoid some of those costs. online or over the phone).

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EBizCharge

JULY 25, 2024

Understanding the purpose behind credit card surcharge signs is crucial since they’re used to inform customers while ensuring businesses adhere to legal standards. Credit card surcharges are the processing fees that merchants pass to their customers when they use credit cards to purchase goods or services.

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Segpay

FEBRUARY 28, 2024

Key Takeaways √ Hidden charges in payment processing can dig into and erode your bottom line. Merchants can implement several best practices to avoid surprise processing costs. 5 minute read Hidden charges in payment processing can seriously impact any merchant’s bottom-line revenues.

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EBizCharge

MAY 2, 2024

When customers pay with their credit cards, surcharging applies an additional fee that covers the specific cost associated with that transaction type. The surcharge cannot exceed the payment processing cost or legal limits set by state laws. This might mean slightly higher prices, with the processing costs factored in.

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Stax

MAY 7, 2024

Chargeback fees – Sometimes, a customer opens a transaction dispute and seeks a refund of their payment. The payment processor is likely to charge a fee to cover the cost of conducting an investigation and processing the refund. When implementing a surcharge, check your state’s laws and regulations to avoid legal issues.

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