Working with a registered Payment Service Provider (PSP) like PayJunction helps a business comply with card brand rules and requirements regarding enrollment, applicable surcharge percentages, debit card exclusions, customer disclosures and transaction receipts by providing guidance and instruction. Applying ...
Notify the card brands (Visa/MC/Discover/AMEX) in writing prior to starting a surcharge program Disclose the surcharge at the point of sales (i.e. "we apply a small fee for credit card transactions, no fee for debit") The surcharge amount must not be greater than your actual cost of p...
With clients preferring credit card payment options over cash and debit, credit card surcharges have become an attractive model for legal professionals to offset processing fees at their firms. However, credit card surcharge laws vary by state and require considerable research before implementing them...
Colorado allows credit card surcharging up to 2%. New York, New Jersey, Nevada, and South Dakota prohibit surcharges from exceeding the cost that the merchant pays to accept the card. (See also Visa merchant surcharge rules.) The legislative intent in many states was to protect consumers,...
One way to make sure that your credit card processor is set up to help law firms comply with the strict ethical guidance for trust accounting is to use a service that is specifically focused on serving the legal market. Besides being purpose-built to handle the intricacies of law firm paymen...
It is allowed to pass on the 1.7% fee to customer as a surcharge if they choose to use Credit Card. How do you get that to happen when they pay the invoice ? Make selection and Payment . Cheer Reply Angelyn_T Moderator Decem...
Choosing the right savings account can be a key step in making your money work for you. To determine our Best Savings Accounts, we look for factors beyond just interest rates that can make or break the right account, including minimum balance to earn interest, transaction limitations and monthl...
Source:https://www.hhs.gov/hipaa/for-professionals/privacy/guidance/business-associates/index.html This indicates that for healthcare purchases, the credit card processing company is providing its normal financial service to customers and is not providing a service on behalf of the covered entity/med...
When implementing a cash discount program or surcharge programs, your credit card processing fees will be reduced or eliminated. With surcharge programs, a service fee is added to credit card payments. We follow the compliance rules of the credit card brands with great detail and adhere to the ...
Businesses can’t add both a convenience fee and a surcharge. If your business adds a fee for credit card use, you cannot add another fee (convenience fee) for accepting the card. Businesses can’t charge convenience fees for recurring payments – these are any payments that repeat on a re...