Stax

JULY 30, 2024

States That Prohibit Credit Card Surcharges You might find this hard to believe but surcharging was illegal in most states till 2013. This is where partnering with a payment processing provider like CardX by Stax can be especially useful. Non-compliance can result in a $1000 fine. The law became effective on July 1, 2024.

Merchant Services 166

Merchant Services Accept Credit Card Payments Payment Services Payment Methods 166

Stax

AUGUST 1, 2024

It’s interesting to note that surcharging was illegal in most states until 2013. Non-compliance can lead to hefty penalties and even suspension of their merchant accounts. Merchants should be aware of Visa’s surcharging rules as non-compliance can lead to fines ranging from $50,000 to $1 million.

Merchant Services 88

Merchant Services Payment Services Payment Methods Stax 88

Stax

NOVEMBER 8, 2023

Businesses using CardX as their no fee payment processing platform can rest assured that all their compliance requirements have been automated, which saves them a lot of time and money. Ensuring Compliance and Transparency As mentioned earlier, some no fee payment processing providers may help their clients with signage.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

JANUARY 24, 2024

Before 2013 though, credit card brands like Visa and Mastercard didn’t allow surcharging because they didn’t want to discourage customers from using credit cards as a preferred mode of payment. However, after a 2013 lawsuit, card companies started allowing businesses to charge customers a fee for using credit cards. in most US states.

Merchant Services 88

Merchant Services Payment Services Payment Methods Point of Sale 88

Stax

JANUARY 24, 2024

Before 2013 though, credit card brands like Visa and Mastercard didn’t allow surcharging because they didn’t want to discourage customers from using credit cards as a preferred mode of payment. However, after a 2013 lawsuit, card companies started allowing businesses to charge customers a fee for using credit cards. in most US states.

Merchant Services 88

Merchant Services Payment Services Payment Methods Point of Sale 88