Category: Surcharge

Are Payment Processing Fees Eating Into Your Bottom Line?

by Dale Erling | May 1, 2023 | Convenience Fee, Credit Cards, Debit Cards, Interchange Fees, Payment Processing, Surcharge

If you currently accept credit cards for payment, and who isn’t, payment processing fees are eating into your bottom line! How big of a bite? For many businesses, payment processing is typically one of the five largest expense items on a P&L. And costs keep...

Eighty-five Percent of Consumers Pay Credit Card Surcharges

by Dale Erling | May 19, 2022 | Credit Cards, Surcharge, Surcharging, Trends

A recent survey of 2,507 United States credit card users from Dec. 8 to Dec. 22, 2021by PYMNTS, an online news source for the payments industry found that despite expressed cardholder opposition, eighty-five (85%) of card holders paid the credit card surcharge when...

Big Changes Coming to VISA Interchange Fees

by allan | Feb 10, 2020 | Fee Based Models, Interchange Fees, Surcharge

The most significant changes in a decade are coming to VISA’s interchange fee structure according to numerous reports. Higher fees are coming for Card Not Present e-commerce and over the phone transactions, while lower fees are looming for real estate and education....