Surcharging
Pass on your fees and increase revenue!
A surcharge fee covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company.
What is Surcharging?
A Surcharge is an extra fee added to a credit card transaction to cover the costs of accepting the customer’s card. If a consumer wants to pay via credit card, the merchant can pass their processing costs to the customer with a surcharge.
How Surcharging Works
Learn a little more about surcharging and how it works.
Save Money on Credit Card Processing Fees
For simplicity’s sake, let’s assume your processor charges you 3% for credit card transactions. To make it easy, we’ll say the total value of a hypothetical sale is $20.
Without a surcharge: The customer pays $20, and the merchant is charged $0.60.
With a surcharge: The customer pays $20.60.
In both scenarios, the credit card processor still gets their fee. A surcharge just determines if it’s coming from the merchant or from the customer.
Merchants turn to credit card surcharging as a way to save money on credit card processing. This is especially true for small business owners with slim profit margins.
However, credit card surcharging is not that simple. There are several different rules and regulations that you need to follow in order to comply with local and federal laws. You’ll also have to abide by card association requirements. Failure to comply could lead to fines or other penalties imposed by various parties.
Here at Orbis we ensure our Surcharging clients are complying with the local and federal requirements so they can run their business stress free while maximizing profits.
Who is eligible?
Eligible Visa, Mastercard, Discover and American ExpressOpt Blue card-present + card-not-present transactions
Ready to get started?
Contact our award winning customer service team.
sales@orbisps.com
(415) 883-8699
14 Commercial Blvd. Suite 121
Novato, CA 94949