Remove 2013 Remove Merchant Services Remove Stax
article thumbnail

Credit Card Surcharge Guidance: A State-by-State Overview of Surcharging Laws

Stax

Credit cards are incredibly convenient as a payment method. The modern-day merchant simply can’t afford not to accept them at their business. Unfortunately for them though, credit card payments come with a cost. In this article, we’ll explore the nitty-gritty of credit card surcharge guidance for merchants across the country.

article thumbnail

What You Should Know About Visa Surcharge Rules in 2024: A Guide for Merchants

Stax

This is why, now more than ever, US merchants must manage their operational costs meticulously. One way to do that—though often overlooked—is to optimize their payment processing to reduce fees associated with credit card purchases. It’s interesting to note that surcharging was illegal in most states until 2013.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

No Fee Payment Processing: Everything You Need to Know

Stax

This may be concerning for certain types of businesses as they need to spend more to process credit and debit card payments as compared to cash. Moreover, you must watch out for hidden service fees and/or long-term contracts your provider may try to lock you into.

article thumbnail

Credit Card Processing for Small Business: 9 Tips for Accepting Payments Securely and Cost-Effectively

Stax

Finding great credit card processing rates may seem impossible, but there’s hope. By following these simple tips, you’ll be able to secure credit card processing rates that make big businesses jealous. Learn More TL;DR Not all credit card processing companies are created equal. Here are Stax’ Top Credit Card Processing Tips.

article thumbnail

What Is a Credit Card Surcharge?

Stax

Credit cards remain a favored way of making payments among customers. However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic. However, after a 2013 lawsuit, card companies started allowing businesses to charge customers a fee for using credit cards.

article thumbnail

What Is a Credit Card Surcharge?

Stax

Credit cards remain a favored way of making payments among customers. However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic. However, after a 2013 lawsuit, card companies started allowing businesses to charge customers a fee for using credit cards.

article thumbnail

Credit Card Surcharges: What Are They and Are They Legal?

Stax

According to Forbes , 32% of consumers use it as their primary payment method. But as great as they are for consumers, merchants know that accepting credit card payments comes with added costs in the form of processing fees. The processing fee can be a fixed value or a percentage and varies among card brands.