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To ensure that an ISV partner program is right for you, consider their program structure and offerings, integration capabilities, support and resources, security and compliance, and costs and financial incentives. Confirm adherence to industry standards and regulations, such as GDPR or HIPAA , ensuring compliance with legal requirements.
Cost recovery, industry standards, regulatory compliance, and consumer sensitivity are key factors to consider when calculating surcharges. Companies, particularly those in the healthcare, transportation, and food industries, levy surcharges to meet these compliance standards. Regulatory Compliance. Minimum usage surcharge.
Keep track of industry benchmarks and aim to stay within acceptable limits. Work with a Payment Processor that Offers Credit Card Chargeback Protection Some payment processing platforms (including Stax) offer features that help businesses avoid chargebacks. In the US, youll need to be aware of the Fair Credit Billing Act (FCBA).
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