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Don’t Lose Customers Because You Don’t Accept Visa/MC!
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No More Fees for Accepting Credit Cards! (credit card surcharge)

Typical overhead for any business includes lease, staffing, licensing, and, of course, credit card fees.. Until now. That fee that used to show up on your bill at the end of month is now a surcharge, just like with the $1.50 debit surcharge, except that it’s a percentage of the purchase. The customer pays it instead of you.

As of October 6, 2022, Merchants are permitted to apply a fee on Visa/MC credit card purchases. This means that any taxi cab driver/store owner, etc. with the right technology can accept Visa/MC without seeing a bill for the charges at the end of the month.

Rather, the customer pays the fee (convenience charge) at the time of purchase as they would with debit.

Another benefit to accepting credit cards is legitimacy and trustworthiness. The public knows that if they aren’t satisfied with your product or service, they can call the credit card company and reverse the charge-something that isn’t possible with cash or debit. It shows that you have faith in your company and that your customers should too!

Credit card purchases can be easily made without emotion, paid later, in instalments. Many of these are unnecessary, on a whim purchases that might not otherwise be made.

If your sales are as little as $30,000 you are already paying at least $720 in credit card fees each year, and if you aren’t accepting credit cards, you are losing hundreds, if not thousands of dollars in sales each month. Take advantage of this new opportunity- jump on board before everyone else finds out about it and levels the playing field!

Info From VISA
Based on a rental. There is no exit fee Apply online
Cost of POS Debit Machines

Canadian Credit Card Surcharge Rules

 

Canadian Credit Card Surcharge Rules

 

Q. What is the process that a merchant must follow in order to surcharge Visa credit cards?
A. A merchant that chooses to apply a surcharge to consumers who pay with Visa credit cards must:
• provide it’s acquirer with a minimum of thirty (30) days advance written notice of it’s intention to surcharge
• disclose it’s surcharging practices to cardholder at the point of interaction (POI) and on the cardholder’s receipt
• apply a surcharge amount that complies with the surcharge cap/method as detailed in the Visa Rules:

A merchant may apply a surcharge at either the Visa brand level or the product level (but not both). (i.e., a merchant may surcharge all Visa credit card transactions, or only certain Visa credit cards, e.g., Visa Infinite)
The maximum merchant surcharge for any transaction is 2.4%

Merchant surcharges are not permitted on Visa debit, prepaid card transactions or Amex cards.

As a marketing website for both First Data and Globe Payments we can get this done for you. Enjoy free credit card processing with surcharging. Accept credit cards at 0% cost to you

Canadian Credit Card Surcharge Rules

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