Compliant Surcharging
Compliant surcharging is now available for credit card payments, helping you offset processing fees with ease. Keep more of your revenue while delivering the same great service your customers expect. This simple, transparent solution supports your business and boosts your bottom line. We work with leading shop management systems for seamless integration. *
What is Surcharging?
Visa defines a surcharge as “a fee a merchant adds to a consumer’s bill [at the point of sale] for paying with a card and that is not charged on other forms of payment accepted by a merchant.” That fee is applied to the published price, which is the price paid when those other forms of payment are used.
What Isn’t Surcharging?
Cash discounting is NOT surcharging. Cash discounting is a practice Visa frowns upon and refers to as a cost deducted from the published price when a credit card is not used.
How Does Surcharging Save You Money?
The formula is simple: instead of your business covering the cost of credit card rewards, customers pay a small percentage of the repair order. For Visa, it’s 3% as of April 15, 2023—about $10.50 on a $350 transaction. This small fee can cut shop owners’ processing costs by 50%, saving tens of thousands of dollars.
We offer 100% Compliant Surcharging
360 Payments ensures complete compliance with federal and state regulations, providing you with peace of mind. Our system seamlessly identifies whether a card is debit or credit and adjusts the total automatically. Surcharges and mandatory disclosures are transparently displayed as separate line items on your invoice, simplifying your accounting and streamlining your processes for greater efficiency.
*Due to state laws surcharging is not permissible in the following states: CT, MA, and NY.
More Compliant Surcharging Features
360 Payments ensures complete compliance with federal and state regulations, providing you with peace of mind. Our system seamlessly identifies whether a card is debit or credit and adjusts the total automatically. Surcharges and mandatory disclosures are transparently displayed as separate line items on your invoice, simplifying your accounting and streamlining your processes for greater efficiency.
- Can credit card fees be passed as a “convenience fee”?
No, they cannot.
- Will a customer using a debit card be surcharged if they press the “credit” button at checkout?
No, 360 Payments’ platform will instantly identify a debit card and not apply the fee — even if the customer selects “credit.” This identification does not require PIN debit.
- What happens when a customer selects debit?
360 Payments will gross settle 100% of the sale.
- Will 360 Payments register my intent to surcharge with the card brands?
Yes, merchants will be registered for compliant surcharging with card brands.
- How do I itemize the surcharge of the final receipt?
360 Payments’ products will automatically produce a receipt with a separate line item for the surcharge.
Still debating whether surcharging is right for your business? Download our in-depth Surcharging eBook to gain a clear understanding and make a confident decision. Discover how shop owners like you are saving thousands each month. Don’t miss out—click here to get your copy today!
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