How Do I Surcharge for Credit Card Processing Expenses

How Do I Surcharge

                               If you’re looking for a way to reduce the costs associated with accepting credit cards, you have likely asked yourself, ‘how do I surcharge so customers absorb the expenses of credit card processing?’ This is a common question, and a very smart one for any business owner who would like to offer the convenience of credit card payments, but doesn’t want to pay the costs, which can add up to thousands of dollars each month. Here at Swipe 4 Free, we offer an exceptional solution that keeps everyone happy, and can dramatically improve your bottom line.
We offer a zero-fee merchant processing account which doesn’t cost businesses a thing. You are still able to accept all the major credit cards, so your customers can pay how they choose, but you won’t be the one paying those high rates, which can be 3-4% of the total transaction amount, even when using batching. Instead, the costs associated with these types of transactions are passed on to the customer, effectively answering the ‘how do I surcharge’ question.

How Does the Surcharge Work

                         To put it simply, a surcharge is applied to every transaction that is paid for via a credit card. So, rather than batching your credit cards together and paying the fees yourself, the surcharge is paid directly by the customer at the time of their purchase. This is a very modest surcharge of just 4% of the total purchase price, so most customers won’t even notice it. In many states, that is lower even than the state sales taxes.
This surcharge works much like the sales taxes in that it is simply added directly to the cost of the purchase, and given its own line on the receipts. Customers can easily see that they are being charged 4% for the convenience of paying with a credit or debit card. If any customers are upset about having to pay this surcharge, it can be quickly explained to them that the costs were previously factored into the price of the product themselves, which is how most companies do it. With this option, however, customers can choose to save money on their purchase by choosing an alternative payment option. Of course, most customers will prefer the convenience of paying with a card, and won’t have a problem with the surcharge being applied.

Save Money & Make Your Job Easier

                         In addition to saving money each month, learning the answer to ‘how do I surcharge’ will also save you a lot of time and hassle. Rather than having to go through and look at how much you’re paying in credit card processing fees each month, and determining if there were any problems, you simply look at how much you are saving. Since the surcharge is applied right to the transaction, there are never any issues to deal with. This can save you a lot of time so you can focus on your business.

Contact Us Today

                   If you have any more questions about ‘how do I surcharge’ please don’t hesitate to give us a call at 1-855-345-0040. We’ll be happy to show you how much you can save on your monthly processing fees, and how easy it is to get set up with our service.