❓Ok. So what is a surcharge? It’s a small fee imposed on the credit card holder which is used to offset a merchant’s credit card processing costs. For example, if a business owner imposed a 3% surcharge on credit card transactions, an item with a list price of $10.00 would cost $10.30 for a customer paying with a credit card.

🏢 Many businesses like the idea of surcharging to offset their credit card processing costs. But, should you surcharge on credit card transactions? Well, you have to make sure surcharging is permitted in your state, as there are a few states that prohibit surcharging. Make sure you only surcharge credit cards, as debit and prepaid cards cannot be surcharged. The surcharge fee must not exceed your cost for accepting credit card transactions and proper signage and notification are required.

Those are just a few of the many rules associated with surcharging. So if you make the decision to surcharge your customers, make sure you’re using a payment software that will help you maintain surcharge compliance.

If you are interested in surcharging, EBizCharge is an integrated payment software that allows you to easily set up a surcharge to your transactions while keeping you PCI complaint and keeping you within surcharge regulations. And if you don’t want to surcharge but still want to save on your credit card fees, switching to EBizCharge will help you save money with transparent rates.

Other helpful content:

➡️ Credit Card Surcharging: A State-by-State Legal Analysis
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➡️ No Fee Credit Card Processing
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