Credit card surcharging has recently become a hot topic in the merchant services industry. When James Madison sat down to write the First Amendment to the U.S. Constitution, was he thinking about how you as a merchant should be entitled to describe the pricing of your goods to your customers however you wish to? Impossible to say. What is possible to say though is that because of recent court rulings, “laws banning surcharging are on the way out due to free speech concerns.” With these changes, it’s critical that you as a merchant understand how to properly implement surcharging fees. Here at PPO, we have solutions that insure you are doing this properly and are fully compliant with industry standards. If interested in finding out more about our solutions, please contact us!
The Federal Trade Commission announced on Thursday (12/17) the first law enforcement crackdown