What is Compliant Surcharging?
Surcharging is a payment processing option that shifts the cost of credit card acceptance from the merchant to the customer, who pays a small fee or surcharge when using a credit card.
This feature is now accessible to online merchants as well as brick-and-mortar businesses, such as restaurants and retailers, provided they work with a reputable payment provider like Green Payments.
Why Offer Compliant Surcharging?
Surcharging allows your customers to choose how they want to pay while being fully informed of the cost difference. This approach gives them transparency and control while helping your business manage payment processing costs.
- Clearly disclosing the cost of credit card payments upfront.
- Providing a cost-saving option by paying with cash or debit.
- Encouraging mindful spending habits by rewarding cash payments.
As a business owner, you’ll benefit from:
- Reduced credit card processing costs, helping to offset rising payment acceptance fees.
- Simplified fee structures, eliminating surprises like PCI compliance, batch header, or statement fees.
- Streamlined operations, as the POS system automatically calculates and prints itemized receipts with the appropriate surcharge applied.
Surcharging is an effective way to empower your customers and protect your bottom line.
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