Blog Tag Archives for credit card processing
New Rule allows merchants to surcharge credit card users
Published 01/28/2013As of yesterday business owners in most states will be allowed to pass the cost of credit card processing on to Visa and Mastercard users through surcharges of up to 4%. This raises a big question: will merchants actually charge this fee? Customers may be put off when they realize that they are paying more to use their card and may prefer to shop somewhere else. It will be interesting to see how this plays out over the coming months and if the fact that this is now allowed will actually change they way the merchant services industry and retailers run credit card transactions.
How to calculate your monthly Visa FANF fee
Published 05/24/2012We have had many clients ask how they can figure out how much their monthly FANF fee is going to be. In our last post we published a chart breaking down these fees. Calculating your cost is fairly easy if you ONLY swipe cards or ONLY run non swiped cards. (IE: you run all your credit card processing over the phone or internet)...
