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Credit Card Processing for Small Business: 9 Tips for Accepting Payments Securely and Cost-Effectively

Stax

Here are Stax’ Top Credit Card Processing Tips. One of the most famous data breaches happened to Target in 2013. Many of our tips apply to how Stax works, with no contracts, surcharges, and optimized terminals that pair perfectly with our subscription pricing plans. Request a custom quote to see how Stax Pay can work for you.

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What Is a Credit Card Surcharge?

Stax

Before 2013 though, credit card brands like Visa and Mastercard didn’t allow surcharging because they didn’t want to discourage customers from using credit cards as a preferred mode of payment. However, after a 2013 lawsuit, card companies started allowing businesses to charge customers a fee for using credit cards. in most US states.

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What Is a Credit Card Surcharge?

Stax

Before 2013 though, credit card brands like Visa and Mastercard didn’t allow surcharging because they didn’t want to discourage customers from using credit cards as a preferred mode of payment. However, after a 2013 lawsuit, card companies started allowing businesses to charge customers a fee for using credit cards. in most US states.

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No Fee Payment Processing: Everything You Need to Know

Stax

In fact, the first ban on surcharging was placed in 1974 but through various lengthy litigations, since 2013, surcharging bans have been dropping across the United States. CardX, which was acquired by Stax in 2021, has an automated surcharging platform. Currently, only two states still have anti-surcharge laws (as mentioned earlier).

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Credit Card Surcharges: What Are They and Are They Legal?

Stax

Jeffrey adds, “ Of course, when our clients still have reasons to opt for credit cards, CardX by Stax. district court in 2013 were credit card surcharges made legal in 40 states. CardX by Stax can help you implement a customer-friendly and legally compliant surcharging solution that ensures you receive 100% of your credit card revenue.