A contract does not equate to a cancellation fee and having a contract term end is not really a good thing.
All merchant accounts have a contract and a term; some merchant account contracts have an early termination fee.
Category: Legal
Charging Customers a Credit Card Fee at Checkout
In some cases, your business can charge customers a convenience fee for using a credit card. But there’s a maze of rules, exceptions, and even state laws to navigate to ensure you stay compliant with the terms of your merchant processing agreement. It’s also important to note that credit card convenience fees are different than […]
With the cost of credit cards eating into your business’s bottom line, you may be wondering: Can I charge a convenience fee on credit card purchases?
Minimum Charge for Credit Card Purchase
The short answer is: Yes and no. The longer answer is that it depends on the type of card. You’ll have to follow applicable rules as well. Credit cards: Yes. It is acceptable for you to set a minimum charge on credit card purchases as long as you abide by the stipulations as set forth […]
Many businesses wonder: Is it legal to require a minimum purchase amount for card transactions?
