TL;DR Receipts must show the surcharge as its own line – Visa requires the surcharge to appear as a separate charge. Mastercard requires both the percentage and the dollar amount. Rolling it into the total creates a violation and vague labels like “service fee” invite disputes. Debit and prepaid cards cannot be surcharged – Your […]
Category: BAMS Blog
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7 POS Setup Errors That Trigger Surcharge Violations
With the Internet came the ability to shop without setting foot into a retail store. Now with high-speed internet, customers can shop on-the-go using their smartphones and tablets, and this is choking sales for brick and mortar retail stores. The last few years have witnessed the stubborn stagnation of retail sales while e-commerce sales are soaring. […]
You made the sale. The customer paid. Yet the money may not reach your bank account for days. For small businesses, that wait can make it harder to pay suppliers, cover payroll and restock. That’s why next-day funding from your merchant payment processor matters so much. Below, you’ll learn how card funding works, why the timing affects […]
Few things frustrate an online merchant more than a chargeback. You lose the sale, often the merchandise and sometimes a dispute fee on top. Worse, many chargebacks start with fraud. That’s why good chargeback prevention starts with stopping fraud before an order ships. Below, you’ll learn the two types of fraud behind most disputes, the […]
Chip Acceptance Is Now a Basic Part of a Modern POS EMV chip card acceptance is no longer an emerging payment feature. For businesses that accept cards in person, chip capability has become a basic part of a modern point-of-sale setup. The reason goes beyond convenience. EMV changes how a card-present transaction authenticates the card. […]
Your Payment Processor and Gateway Need to Work Together Choosing Authorize.Net is only one part of building a reliable payment setup. The payment processor behind the gateway also matters. A merchant may have a capable gateway but still run into unnecessary problems if the processor cannot support the integration, help configure the account or troubleshoot […]
If you have a business that sells a product or service and you don’t have an eCommerce processing site, you are leaving money on the table and growth to your competition. The advantages of having eCommerce stores are immediate and essential for a small or growing business. If you need more convincing, consider the following […]
We are living in the digital age where it is possible for almost every aspect of our lives to happen on a virtual platform. The business sector also caught on, and there was mass movement from brick and motor to the virtual selling and buying of services and goods. Electronic networks, especially the internet, are […]
From time to time, chargebacks are an unavoidable part of being a merchant; like returns and customer complaints. Chargebacks are much more costly to your business, however, and while you might not be able to avoid them completely, you should be taking steps to prevent as many as you possibly can.
