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 […]
Surcharging
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 […]