Is this something new?
It’s actually not new. Here are some of the businesses already passing on the fees are:
Gas Stations, ATM Machines, Cell Phone Carriers, Utility Companies
Parking Garages, Car Wash Facilities, Restaurants,Auto Repair, Auto Dealership, Pubs/Bars, Bakeries, Smoke Shope, Boutiques, Doctor Offices, Dry Cleaners, Funeral Homes, Law Offices, Pet Grooming, Pizza Delivery, Smoke Shops, plus more!
Local Goverment does as well:
All national, state and local governments charge a fee accepting credit card payments, including the DMV, Secretary of State, Post Offices, Schools, Courts, and the IRS.
Is it legal to charge a fee.
Yes it is legal and in all 50 State. This is not a surcharge or convenience fee.
How is the charge calculated?
The terminal and software calculate it automatically and will be displayed on the customers receipt.
Do I need to inform my customer they will be charged?
You may if you like. However you must post signage that you are a “Cash Discount store” at your store entrance and at your register.
What is included in $99.95 a month fee?
Yes, it is. It is broken down like this: Your Merchant Account and PCI fee total $39.50 per month and will show up on your processing statement. You will receive a separate statement for the $60 licensing fee.
Do I purchase the equipment?
A standard tabletop countertop terminal is included with your flat monthly fee.
If you have a POS system, we may be able to integrate our software. Contact us to discuss the options available. We offer Clover products.