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Credit Card Processing Blog Posts | Page 8

What Is A Convenience Fee & Can You Charge One To Your Customers?

A convenience fee is an amount you add to the purchase price; the customer pays this fee in return for being able to use a more convenient payment method. The important thing to remember is that the customer must always have the choice to use another standard method of payment that does not require the added convenience fee. The fee isn’t technically related to taking credit cards. It is meant to help the merchant recoup the added cost for setting up a new payment channel.

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Jun 17, 2020 Filed under: Credit Card Processing 0
business credit cards fair credit

Can Merchants Set Minimum Amounts On Card Transactions?

So, you’ve opened your business, and you’re starting to rack up a lot of sales. You’ve even signed up for a merchant account so your customers can use their credit cards. Things seem to be going great – until you notice something a little unsettling. You knew when you opened your merchant account that you’d […]

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Jul 6, 2019 Filed under: Credit Card Processing 0

The Merchant’s Guide To EMV Chip Cards

The transition to EMV chip cards began several years ago, and while adoption continues to pick up steam here in the states, we have a ways to go to catch up. While the rest of the world has been much quicker to adopt EMV (circa 2005 for Europe), the U.S. is dragging its proverbial heels. […]

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Jul 6, 2019 Filed under: Credit Card Processing 0

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