A Guide to Surcharging
As most merchants know the cost of accepting card payments keeps going up, though in small increments. Merchants now can take advantage of passing some of those costs back to the consumer via “Surcharging”. We will look at the guidelines for merchants to add surcharging to those customers paying with credit cards. First we should explain what Surcharging means. Surcharging is the practice of adding a small fee to a credit card transaction to cover the merchant fees that businesses incur from processing companies. The biggest thing to know is that you can not Surcharge debit cards or Pre-Paid cards. This means that whatever equipment or software a business uses…Read more