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This was, in fact, the first time that swipe fees for these two card networks crossed $100 billion. Thankfully, implementing a creditcard surcharge program can be particularly beneficial for small businesses to offset the cost of acceptingcreditcardpayments. To learn more, contact us today.
Opt for flexible, month-to-month contracts without hidden fees for creditcard processing to avoid being locked into unfavorable terms. Here are Stax’ Top CreditCard Processing Tips. One of the most famous data breaches happened to Target in 2013. Request a custom quote to see how Stax Pay can work for you.
Creditcards are incredibly popular, and it’s easy to see why: they’re convenient and accepted nearly everywhere. According to Forbes , 32% of consumers use it as their primary payment method. Jeffrey adds, “ Of course, when our clients still have reasons to opt for creditcards, CardX by Stax.
Simply put, a surcharge amount is an extra fee that some merchants choose to levy on customers to cover the costs of processing creditcardpayments. However, after a 2013 lawsuit, card companies started allowing businesses to charge customers a fee for using creditcards. in most US states.
Simply put, a surcharge amount is an extra fee that some merchants choose to levy on customers to cover the costs of processing creditcardpayments. However, after a 2013 lawsuit, card companies started allowing businesses to charge customers a fee for using creditcards. in most US states.
On the other hand, businesses wanted the option to surcharge to be able to offset some of the exorbitant fees they were being charged by card networks. In fact, the first ban on surcharging was placed in 1974 but through various lengthy litigations, since 2013, surcharging bans have been dropping across the United States.
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