Before you implement surcharging, keep the following considerations in mind. Product Considerations Custom Checkout Only:Currently, surcharges are only supported bycustom checkout. General Considerations Credit Cards Only:You can only apply surcharges to credit cards (not debit cards). A third-party...
saving businesses money. The surcharge is a percent of the total purchase cost and cannot exceed the amount a merchant pays. Due to card brand parity rules, a 3% maximum surcharge rate applies to all credit cards accepted. Customers can avoid the fee by switching to cash, check, debit card...
Customer friendly— CardX by Stax passes on the fee for credit card transactions only. Your customers can always choose debit as a no-fee option. Learn more Powerful surcharging, proven at scale $55M Savings delivered to CardX by Stax customers since 2023 5,000+ Customers served with in...
Based on consumer and retailer survey data, our analysis shows that surcharging steers consumers away from using debit cards towards cash. Half of the observed difference in debit card payment shares across retailers can be explained by this surcharge effect. First calculations suggest that removing ...
Customer friendly— CardX by Stax passes on the fee for credit card transactions only. Your customers can always choose debit as a no-fee option. Learn more Powerful surcharging, proven at scale $55M Savings delivered to CardX by Stax customers since 2023 ...
Where legal, surcharges are only allowed on credit cards, NOT debit cards The card brands cap surcharges at a fixed percentage or the “actual cost of processing,” whichever is lower. Visa caps surcharges at 3% and Mastercard caps them at 4%. This applies except in Colorado, where the...