As your merchant services provider, we would like to ensure your business understands the requirements of the Surcharge program as outlined below.
- If implementing merchant surcharge, a maximum of 3% may be assessed on credit cards only and may not be assessed on any debit card or prepaid card transactions.
- Surcharge disclosures must be posted at the point of entry, website, point of sale and printed on all receipts with the required disclosure verbiage.
- Acquirers mandate that merchants must give 30 days’ notice prior to implementation of surcharging.*
*Please note that, in this context, we constitute as your acquirer, and you do not have to provide additional notice.
Please note, Surcharging is prohibited in the following states:
- Connecticut
- Maine
- Massachusetts
- Oklahoma
Recently, New York enacted a new law to clarify the disclosure of credit card surcharge that went into effect February 11, 2024. Click here to review the reference guide.
The highlights include:
- Clearly display BOTH the Credit Card and the Cash price.
- List the HIGHER Credit Card price and advertise a DISCOUNT for Cash purchases.
- Use the SAME PRICE for both Cash and Credit Card purchases.
Additionally, the Card Brand links below offer more information on the surcharge program.
Thank you for being a valued customer. Should you require any additional information regarding surcharge rules, please call 866.373.2249.