At this point, you charge them a fee every time they purchase with your business. However, you should note that Square does not allow you to charge your customers a per-use fee for your debit card reader, only for your credit card reader.
How will the processing fee be paid to the customer?
- Notably, the processing fee will be paid directly to the Processor through the use of Processor's credit card equipment that will be provided to DCD. DCD would not charge a processing fee if the customer elected to pay by cash or check. In addition, you have noted that the customer will be
Does DCD charge a processing fee for payments?
- of the payment amount. Notably, the processing fee will be paid directly to the Processor through the use of Processor's credit card equipment that will be provided to DCD. DCD would not charge a processing fee if the customer elected to pay by cash or check.
What are Acquirer fees?
- Acquirer fees are charged by the payment processor or merchant acquirer (acquirer), the organization that provides authorization, reporting and settlement . On average, these fees make up about 5% to 20% of the total cost of card processing. For small merchants, acquirer fees can be as high as 50% of the tot al cost of processing cards.
Can I charge a surcharge on credit card payments?
- As noted, the consumer will have the choice to pay by cash, check, or credit card. Payment by credit card would be strictly voluntary. Massachusetts General Laws chapter 140D, section 28A(2) provides that "[n]o seller in any sales transaction may impose a surcharge on a cardholder who elects to use a credit card in lieu of payment by
Yes, except in some states with laws that prohibit credit card surcharges. Florida has a law prohibiting credit card surcharges, but that law was held unconstitutional by federal courts. Therefore, merchants in Florida may add a surcharge to credit card purchases.