Credit card payment solutions for dating websites
As mentioned in the preceding Q&A, the 2013 ruling against the card networks resulted in merchants now being able to implement a surcharge. Those states claim that a surcharge is not fair to consumers.The surcharge is allowed in all but 10 states (California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas, plus the U. We find it somewhat laughable that it’s not fair for consumers to pay for the cost merchants incur to provide goods and services while it’s been perfectly OK for merchants to pay for the rewards programs associated with the credit cards that consumers use. Every time you see an ad on TV, in print, or hear on the radio that talks up the benefits and rewards associated with a particular credit card, those benefits come in the form of higher Interchange rates that merchants pay to be able to accept those cards.The increase in fees is not borne by the card issuing banks or credit card processors – it’s paid for by you the merchant!The Surcharge carries with it several stipulations: With the Zero Fee program, these limitations are not in place, as you are not implementing an additional fee for accepting a credit card, you are providing a discount for those who pay with cash.As Mitchell Katz, spokesman for the Federal Trade Commission, said in May of 2011: The Dodd-Frank law prohibits a payment card network such as Visa “from inhibiting the ability of anyone to provide a discount for payment by cash, checks, debit cards, or credit cards,” said Katz.“Neither surcharging, nor a cash discount is illegal.” Is this a semantics argument?
Those customers who pay with cash avoid the services fee and all others will see a line item added to their receipt.
We’ll let you decide, but most importantly, Visa, Master Card, and the courts allow for this distinction.
A: When a fee is incorrectly applied to a transaction, any additional fee charged to those consumers using a credit card is labeled a Surcharge and that is expressly forbidden by Visa, Master Card, and the processing provider without taking very specific steps (see previous question) The way around this process is to allow us to automate a Zero Fee Program for you which is different than the Surcharge.
As a result of a 2013 consumer who used a credit card over other methods of payment.
As a result of a 2013 lawsuit against the card networks, merchants are now allowed to impose a surcharge in all but 10 states and Puerto Rico.