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Learn how to achieve payment processing compliance when surcharging to improve your company’s financial stability and reputation. TL;DR Creditcard surcharging involves adding a fee to transactions with creditcardpayments, offsetting processing costs. Encouraging Alternative Payment Methods.
Cash payments are passé. Consumers are increasingly opting for debit and creditcards or other digital payment methods—for in-store and eCommerce purchases alike. This was a huge leap from 2018 when only 29% used cashless payments for the same. The writing on the wall is clear. security requirements are.
In the new, digital era of payment management and shopping, protecting customer data is a top priority. Each requirement plays a critical role in building a secure environment for payment processing. Failing to comply with the PaymentCard Industry Data Security Standard can have a number of severe consequences for a business.
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