Comparison Of Surcharging & Zero Fee Credit Card Processing
Financial institutions permit no one to dodge interchange rates and fees, and no credit card processor can remain in business for very long without receiving customer payments.
As a result, all offers for “free” credit card processing essentially merely include surcharging customers who pay at the terminal.
A credit card processing option called surcharging enables businesses to pass on credit card processing expenses to their customers. For their clients, almost every merchant services provider can set this up. Many don’t promote it for reasons we’ll go into more detail about below.
So, what distinguishes surcharging from no-fee credit card processing? Nothing.
The conventional surcharging method is reimagined as no-fee credit card processing. What makes some businesses exceptional in this processing program is that they have built their entire company model around “no-cost” or “free” processing. They can sell the solution as a whole by doing this. The configuration of surcharging, including terminal programming and informing card brands like Visa and Mastercard, is included in that package.