Discuss the guidelines on how a company can legally surcharge a customer for paying with a credit card.
When considering implementing a credit card surcharging policy, it is important to understand the rules that need to be followed, the risks that exist and the pros and cons of doing so. This training will cover other techniques to help a company minimize its credit card processing fees.
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
History of the Credit Card Industry
What is a Credit Card Surcharge and When is it Applied?
Is Merchant Surcharging Legal in the US (Do the Credit Card Companies Allow Surcharging)?
My State Doesn't Allow a Surcharge on Credit Cards Payments; Are There Alternatives to Help Reduce/Eliminate Credit Card Processing fees?
Guidelines to be Able to Surcharge
Pros and Cons of Surcharging
Other Techniques to Reduce Credit Card Processing Fees
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on May 24, 2018.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Jeremy Layton
Verisave
Jeremy Layton started Verisave back in 2001 with the service of identifying and collecting overpayments made by their customers to their suppliers. In 2010 Jeremy noticed that most of his customers were paying a lot of money to process credit card payments. After digging a little deeper, he found that most of his customers were actually paying much more than they needed to and Jeremy was determined to help them reduce these fees. Over the past 10 years Jeremy has become an expert in all things relating to the credit card processing industry. In fact, Verisave saved its customers over $30 million on credit card processing fees.
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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