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Compliant Surcharge Checklist: Protect Your Dealership’s Margins Without Breaking the Rules
What is a Surcharge? A surcharge is a small fee added to credit card transactions to offset payment processing costs. It allows dealerships to protect profit margins without raising prices across the board.
Randy Modos
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Interchange Updates and the Hidden Costs of Payment Processing
Supply chain uncertainty. Consumer sentiment. Rising costs of goods and services. These three big things create economic uncertainty and make it difficult for merchants to navigate a profitable path forward. Each of these factors can impact costs, squeeze cash flow, and hurt the bottom line.
Michelle Wagner
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What is a Surcharge? Best Practices for Merchants
As the tools and strategies available to merchants evolve, one area that’s gained significant attention recently is credit card surcharging. Surcharging is a practice that allows businesses to pass on most of the cost of credit card processing fees directly to their customers. If implemented correctly, surcharging can be a valuable way to manage rising operational costs. However, navigating the legal landscape and maintaining customer trust requires a thoughtful and ethical approach.
Randy Modos
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Credit Card Surcharging: Your Guide to Reducing Transaction Costs
Credit card surcharging, a strategy that helps merchants reduce the cost of accepting credit card payments, is steadily growing in popularity. With surcharging, merchants reduce the impact of credit card processing fees by transferring the fee for a credit card transaction to the customer.
Randy Modos
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Surcharge Strategy Essentials for Automotive Dealer Profitability
While managing dealership operation costs is more critical than ever, an often overlooked opportunity is the exploration of dealer-specific surcharge strategies. Surcharging is a payment strategy that allows businesses to offset credit card fees and processing costs by passing them on to customers who choose to pay with a credit card. When done correctly, auto dealers can use surcharges to significantly enhance profitability, without raising prices across the board.
Randy Modos
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Surcharge vs. Cash Discount: How to Offset Credit Card Processing Fees
As credit card processing fees continue to rise, many businesses are searching for ways to recover those costs without alienating customers. Several options exist, such as surcharges, cash discounts, and other fees, but not all are created equal.
Ursula Librizzi
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