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The real key to sustainable growth and increased revenue lies in maximizing payment attachment – the adoption and usage of integrated payments by your existing customer base. We recently had the privilege of sitting down with a panel of payments experts from Stax for a masterclass on this critical topic.
This puts merchants in a tough position. Debit or credit card chargebacks are when a disputed charge made to a merchant’s account is refunded to the customer’s bank account. This has been aided by the rise of online banking, which has made the chargeback process as easy as a few clicks.
TL;DR Surcharges are additional fees consumers pay on top of the base price of goods or services. Several types include credit card, fuel, service, paymentprocessing, peak-time, environmental, regulatory, and minimum usage surcharges. Service surcharge. Paymentprocessing surcharge. Fuel surcharge.
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