A surcharge is an additional fee that merchants impose when customers choose to pay with a credit card. It's essential to understand that surcharge fees apply exclusively to credit card payments and are not permitted for debit and prepaid card transactions.
If you encounter payment processing challenges, this section, and the next cover all you need to know about the logistics of high-risk payments. First, we’d talk about why CBD for sale needs high-risk merchant services.
This can help limit the scope of your PCI compliance requirements by bypassing your POS system for sensitive data and ensuring that all sensitive data is properly encrypted and secure throughout the entire transaction process.
Every year, the Christian faith celebrates a day that reminds them of the resurrection of Jesus after his crucifixion. This event is called Easter, which is also the commemoration of a 40-day season of fasting, sacrifice, and deep prayer.
As upcoming merchants, you probably already heard the terms void, refund, and reversal when discussing payment transactions. Generally, all three are transaction methods that are initiated by the merchant and are meant to return money to the customer.
Another difference between debit and credit cards are the perks they offer. While credit cards charge higher fees, they offer rewards unavailable to debit cards such as discounts, travel points, and even cashback.
When we talk of merchant services, we refer to a range of financial services for business: the acceptance and processing of electronic payments; the behind-the-scenes process that allows merchants to accept payments; the service providers merchants work with; and the hardware and software needed to run the entire process.
