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Just a heads-up to businesses that pass card cost on to customers. Keep this in mind: You can not Surcharge Debit cards even if its run as a credit transaction You must have a sign at the entrance of your store that states you Surcharge You can not Surcharge more than your effective rate Must...

There are at least five options for defraying credit card processing cost: Surcharging Cash Discounting Duel Pricing Convenience Fees Include the cost in price w/o a cash discount Here is a short explanation of ‘cash discounting’ from Digital Transactions ( a major payments publication) Cash...

FYI - Visa maximum surcharge rate which is now 4% will be lowered to 3% in April so for those businesses that are surcharging credit cards above 3% adjust your program accordingly. BTW- the maximum rate allowed by visa for a surcharge is actually, your average effective rate before the...

I’m being told that Toast is raising their rates by 15bps. Check you statements

Has anyone started passing credit card fees onto your customers? If so, what’s your experience with customer complaints or losing business?

Get ready for another round of price increases from Visa this April and October, especially for those businesses that have Card Not Present volume. https://www.bloomberg.com/news/articles/2020-02-04/visa-is-planning-the-biggest-changes-to-swipe-fees-in-a-decade BTW - Did you know that Visa...