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Surcharging and Debit Cards

Beware of the Debit Card

We are in the middle of our summer blog series regarding surcharging. Lately, we are coming across more and more merchants who are interested in surcharging, cash discounting, and convenience fees. I believe this stems directly from the fact that merchants are getting tired of paying credit card processing fees. Now, more than ever, merchants are searching for ways to cut merchant processing cost. When looking for ways to cut cost quickly, it is important to still research! You can be locked into a contract with one signature.

No matter which method, one thing that holds true is that you cannot surcharge on a debit card. This means that your POS system or stand-alone terminal needs to be able to differentiate between a credit card and a debit card. Like we have said in our previous posts, it is important to research your state laws. As of right now, surcharging is not permitted in California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma, Texas, and Puerto Rico.

The purpose of not surcharging on a debit card is to provide your customers with another payment option without a surcharge. We know that accepting plastic is expensive; we learned first hand with our first business, MAX Communications. That is why I started MAX Payment Solutions.

Moreover, we strive to help local businesses save money on their credit card processing fees. We offer a variety of options, so call us to figure out the best option for your business!

 

Blog Articles

Surcharging and Debit Cards

Beware of the Debit Card We are in the middle of our summer blog series regarding surcharging. Lately, we are coming across more and more merchants who are interested in surcharging, cash discounting, and convenience fees. I believe this stems directly from the fact...

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Convenience Fee vs. Cash Discounting

What's the difference? Continuing in our discussion of surcharging, a distinction between cash discounting and convenience fees needs to be made. Both have their pros and cons, but they are two different processes. Cash discounting focuses more on rewarding patrons...

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Three Year Anniversary

We are celebrating our third anniversary! Three years ago, MAX Payment Solutions originated as a way to thank the customers of MAX Communications. Yet, here we are today, with two separate companies, MAX Communications and MAX Payment Solutions, both self-sustaining....

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Surcharging

Is Surcharging the Right Move for Your Business? The newest trend in merchant processing is surcharging and cash discounting. Over the next few months, we will be discussing the difference between the two. We will also discuss what a  business owner needs to be...

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What are Added Fees?

Credit Card Processing Additional Fees Taking a closer look at your merchant processing statement is always a good idea! It is important to know your rates and fees, so when offered a "better deal" you will be able to evaluate possible savings for yourself. Knowing...

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What is Apple Pay?

Why Should Businesses Accept Apple Pay? Apple Pay is one of the latest, innovative ways of payment acceptance. One of the main reasons to accept Apple Pay is for the customer. Providing your customers with another easy payment option helps make their shopping...

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2019 BUSINESS TIPS

A new year is an awesome opportunity for businesses to pause, reflect and institute helpful practices. We have three tips to help get your business started on the right foot for 2019. The first tip is one we ourselves do: schedule a team meeting. Getting your team in...

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Gift Cards

Small Business Gift Cards The holiday season is rapidly approaching. Is your business ready? One way to get ready is to stock up on or begin to sell gift cards. Gift cards are an excellent way to allow your customers to shop for their loved ones right at your...

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