NO FEE EFTPOS MACHINE FREE

Surcharges must be clearly displayed at checkout (whether online or in-store) and communicated to the customer. Notify card brands that you plan to surcharge.Show surcharges on the receipts as a separate line item.Exclude debit card transactions from surcharges.Set the surcharge to a maximum of 4% of the transaction or the cost of the processing fee (whichever is lower).Clearly display and communicate surcharge to customers.Some companies print out these signs for you. This is unlike working with traditional credit card processors, where terminals still need to be reprogrammed to allow surcharging.įree credit card processors also notify card brands of the surcharges, so you won't need to inform Visa and Mastercard yourself.īut you're still responsible for displaying surcharge signages or posting them on your eCommerce store. Typically, the credit card terminals from these processors are already surcharge-compliant. It's because surcharges can only be applied to credit card payments.įree credit card processing companies will handle most of the requirements for surcharges. If, however, a customer makes a purchase of $100 through a debit card, and the processing fee is 1.50% + $0.25 (which costs $1.75), this amount will be shouldered by you- the merchant. This amount will be shouldered by your customer as a surcharge. And the processing fee for this specific transaction is 3%, which costs $3. Let's say a customer makes a purchase of $100 through a credit card.

NO FEE EFTPOS MACHINE FREE

Okay, now that you know the 'what,' let's get on with the 'how.' How Does Free Credit Card Processing Work? But there are rules to follow if you plan to surcharge. A surcharge is an additional fee your customers pay if they use a credit card to make the purchase.

No fee eftpos machine