While there has been a lot of debate about surcharging, if properly implemented, it is a method for businesses to save money on their processing fees.
Low-cost card processing is crucial for some businesses, so is advocating on behalf of merchants so they can freely operate within their respective markets. The state of surcharges is frequently changing and we work to stay ahead of the curve, providing merchants with industry-advancing products and services revolving around compliance.
When done properly, surcharging can save businesses upwards of 95%, or even more, which can equate to thousands, or even tens of thousands of dollars, in savings.
Surcharging is a fee imposed upon the cardholder during a credit card transaction that covers the cost to accept the payment method.
With state-level rules as well as card brand requirements, the restrictions can add complexity which is why it is important to ensure merchants use a reputable processor.
Dual Pricing technology provides merchants the ability to offer the advertised price at the time of sale via their POS device while the merchant can elect to offer their customers a discounted cash price.
The customer experience is enhanced, as the advertised price and price on the receipt match and remove confusion for the customer.