Surcharging is a way to recover revenue lost as a result of credit card processing fees by imposing a small % fee for accepting credit card payments. Surcharging credit transactions can be a critical step to reducing your business' overhead; however the rules and regulations surrounding surcharging are constantly evolving. For instance, the list of states that don't allow surcharging is currently limited to Colorado, Connecticut, Kansas, Maine, Massachusetts, and Oklahoma, however there are lawsuits in many of these states seeking to change this.
Implementing surcharging at your business can be extremely beneficial, but ensuring you are following every rule and regulation can be tricky. Download our FREE guide to learn more about proper surcharging practices and how Safe Harbor Payment Systems can help you make the transition to surcharging without missing a beat. You can also contact us directly with any questions you may have.