It is important for merchants to be aware that Visa will be performing in-person audits to ensure compliance with network rules regarding surcharges and convenience fees when it comes to minimum transaction amounts for credit card transactions. According to the regulations set by the Dodd-Frank Wall Street Reform and Consumer Protection Act, merchants operating within […]
Convenience Fees
Are you in compliance with the Convenience and Surcharge Fees?
It is important for merchants to be aware that Visa will be performing in-person audits to ensure compliance with network rules regarding surcharge fees and minimum transaction amounts for credit card transactions. According to the regulations set by the Dodd-Frank Wall Street Reform and Consumer Protection Act, merchants operating within the US region or in […]
Convenience Fees… Are they beneficial for your business?
In this post we are going to cover the Instant Accept feature referred to as a convenience fee and briefly compare it to surcharging. Convenience fees can essentially be a source of income that will help offset some costs of accepting credit cards. These fees can be added based on a percentage of the total […]
How to Setup Convenience Fees in Instant Accept With QuickBooks
Convenience Fees in Instant Accept Screenshot To enable the convenience fee, simply log in to your Instant Accept portal and on the Acquiring side of the menu, click on Hierarchy. Go to the Products and Services tab to turn on the Convenience fee service, accept the fees to use and save. You will now want […]
Bug Fixes for December 07, 2021
Instant Accept and QuickBooks Invoices & Convenience Fee Issues when voiding invoice and convenience fee set to multi transaction not working has been fixed whether there are partial payments, voiding or refunding invoices. Any time voiding or refunding an invoice, we check for transactions tied to the invoice. If it’s a single transaction, we redirect […]
Bug Fixes for May 11, 2021
Too many convenience fee settings Resolution: If the token data is the same as whats already on file, we don’t store the duplication. Issue: Instant Accept would allow duplicates to be created. So, essentially, if the same customer kept storing the token over and over, it would show up multiple times. Release Version: 1.75.02 Other […]
Features and Enhancements for July 07, 2020
Instant Accept Updates and Changes UX changes in multiple concurrent Instant Accept Logins Instant Accept SaaS and Plugin What’s New Convenience Fee support in Invoices and Sales receipts Ability to store multiple CC / ACH profiles for a Customer Updates and Changes Added new setting in IA Settings for ‘Convenience Fee Income Account’ which will […]
Features and Enhancements for June 17, 2020
Instant Accept What’s New Convenience Fee implementation on Hosted Payment page Added Switch Account feature for multiple concurrent logins Updates and Changes Removed ACH section from Convenience Fee settings because convenience fee is charged for Credit Card form of payment and not standard form of payment and ACH is standard form of payment Hierarchy > […]
Setting Up a Convenience Fee
To set-up a convenience fee, simply log into the Instant Accept gateway, reporting.instantaccept.com 1. Go to Hierarchy 2. Click on the “Convenience Fee” tab. You can select what type and how much of a convenience fee you would like to set-up and save. Want to see more tips and tricks to help you find ways to […]
Merchants May be Able to Recoup High Costs from Convenience Fees
Adding a Convenience Fee to their invoice may be a way to help merchants recoup the high costs of accepting credit cards. Using a Convenience Fee to Offset Credit Card Fees Credit card processing fees can really add up over the course of the months and year. Instant Accept provides a method for merchants to […]