Surcharging & Dual Pricing
What is Dual Pricing?
Navigating Dual Pricing: Understanding Cash and Card Price Options In today's diverse and dynamic marketplace, businesses strive to cater to a wide range of customer preferences and payment methods. One strategic approach that has gained prominence ...
What is a Convenience Fee?
What is a Convenience Fee? A convenience fee is a charge that businesses may pass on to customers for using a payment method that is not standard for them. For instance, a business that typically accepts cash or checks but also offers credit card ...
When Can I charge a Service Fee?
What is a Service Fee? The Service Fee program is a type of convenience fee program that comes with a modified set of rules. It is restricted to merchants within specific merchant category codes (MCC) within the education and government sectors. ...
What is Surcharging?
What is Surcharging? Merchants can add a surcharge to credit card purchases to offset credit card fees. A surcharge is different from a convenience fee, which is charged to customers for using non-standard payment methods. Merchants can charge ...