Here’s all you need to know about the legality of surcharging and whether it’s the right choice for your business.
In July 2021, Colorado passed a new law that jettisoned its ban on credit card surcharges. Starting from July this year, merchants will be able to add fees to lease and sale transactions if the customer uses a credit or charge card. Contrary to popular opinion, though, the new law doesn’t create a free-for-all when it comes to surcharging. In…
Card-not-present (CNP) transactions are an essential part of daily operations for millions of business owners. If you’re unfamiliar with the term, a CNP transaction refers to any credit card transaction where you’re not physically processing the card in a reader or terminal. These transactions include anything from online purchases to recurring payments. The one downside of CNP transactions is that…
Here are the five main things you need to know about the new surcharging law.