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Instant Accept

THE ONLY TRUE DYNAMIC REAL-TIME QUICKBOOKS INTEGRATION!

Surcharging

New Rules for Surcharges and Convenience Fees

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 […]

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 […]

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 […]

How to Setup Convenience Fees in Instant Accept With QuickBooks

Setup Convenience Fees in Instant Accept Screenshot To enable and set up convenience fees, simply login to your Instant Accept portal and click on Hierarchy on the Acquiring side of the menu. Go to the Products and Services tab to turn on the Convenience fee service, accept the fees to use and save. You will […]

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