After the challenges of the pandemic, recent labor shortages and growing economic uncertainty, merchants are looking to cut costs wherever possible. One cost-cutting method that’s gaining traction among many merchants is the migration of card processing costs from the merchant to the cardholder via a series of fee-based processing methods. Examples include the addition of a surcharge on applicable credit card transactions, a discount applied specifically to cash transactions, or a general fee-based program that can be applied in a variety of scenarios. However, most merchants aren’t aware of all the nuances and requirements that accompany these types of fee-structures/programs that can lead to frustrating consumer experiences or card brand fines.
Click below to download a FREE whitepaper about Datacap’s Payment Fee Suite to help determine which option(s) make the most sense for your clients:
Compliant Surcharge with Lookup
Payment Fee / Split Fee Funding