Summary
This guide outlines the Credit Card Surcharge Program, designed to help businesses manage credit card acceptance costs. It explains how a surcharge is a percentage added to the total amount charged to customers using credit cards, which helps cover the merchant's acceptance costs. The document details the recent changes in consumer purchasing behavior and the increasing pressure on businesses to accept credit cards. It emphasizes the importance of notifying card brands like Visa and Mastercard about the intent to surcharge, along with the necessary disclosures required for both in-person and online transactions. The guide also highlights the restrictions on applying surcharges to debit cards and the specific states where credit card surcharging is not permitted. Furthermore, it presents case studies of businesses that successfully implemented the program, demonstrating its effectiveness in providing flexible payment options while controlling costs. Overall, the document serves as a comprehensive resource for businesses considering the adoption of credit card surcharging.
