Canadian Credit Card Surcharge Rules

 What is the process that a merchant must follow in order to surcharge Visa credit cards?

YouTube player
Q.

A. A merchant that chooses to apply a surcharge to consumers who pay with Visa credit cards must:
• provide it’s acquirer with a minimum of thirty (30) days advance written notice of it’s intention to surcharge
• disclose it’s surcharging practices to cardholder at the point of interaction (POI) and on the cardholder’s receipt
• apply a surcharge amount that complies with the surcharge cap/method as detailed in the Visa Rules:

A merchant may apply a surcharge at either the Visa brand level or the product level (but not both). (i.e., a merchant may surcharge all Visa credit card transactions, or only certain Visa credit cards, e.g., Visa Infinite)
The maximum merchant surcharge for any transaction is 2.4%

Merchant surcharges are not permitted on Visa debit, prepaid card transactions or Amex cards.

As a marketing website for both First Data and Globe Payments we can get this done for you. Enjoy free credit card processing with surcharging. Accept credit cards at 0% cost to you

Canadian Credit Card Surcharge Rules

Social media & sharing icons powered by UltimatelySocial