Accounting for Surcharge Fees and Best Practices

When applying surcharge fees and convenience to your clients/customers it’s important to list the fee as a separate line item in the transaction.

This helps inform your client that their payment method is not preferred by your business – hence the convenience fee. In the long run, this should encourage your customer to choose preferred payment methods which reduces your overall processing costs.

In general, there’s a lot to cover when it comes to surcharge and convenience fee processing and how it’s managed from an accounting perspective. Be sure to find out more in the link below!