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24-Jul-2017 01:35

As you consider whether or not surcharging is right for your business, start by familiarizing yourself with some essential information — the difference between checkout fees and convenience fees, the states where merchant surcharging is currently banned, and the procedures merchants must follow in order to start surcharging.Even before the recent Visa & Master Card settlement, merchants were allowed to charge their customers convenience fees for using credit cards in a very limited set of situations.You is a global singles community and matchmaking service.You Date is where to find love, friends, flirt, date, meet women or men for fun dates, have a serious relationship or to fall in love.You have worked too hard to take a chance on just any credit card processor.

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Wave Crest Holdings Limited is a licensed electronic money institution by the Financial Services Commission (Gibraltar).

Card Fellow has an excellent guide to convenience fees, and the rules for these have not changed.

What has changed are the rules regarding merchant surcharging or checkout fees.

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These fees are meant to be used when paying with credit card is "bona fide" convenience over other forms of payment — for example, if the only other option for the customer would be a money order.