Reduce expenses with credit card surcharging.
What is "surcharging" and how do businesses use it to improve their bottom line?
A simple way to reduce processing fees.
A surcharge is an additional fee, up to 3% of the transaction amount, that a merchant can add to a transaction when a customer uses a credit card for payment. Surcharges help merchants offset the credit card interchange fees they pay to accept credit cards.
PayTrace manages all the surcharge details for you, so you can focus on your business.
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Expand your business and offset the costs.
The PayTrace platform automatically applies the surcharge, reducing your total costs of payment processing.
Expand your business by accepting credit cards. Customers often prefer to pay with credit cards because it’s convenient for them. Your business can offset the costs of credit card processing with surcharging while your customers can choose to pay how they wish.
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Merchants: answers to your surcharge questions.
PayTrace hosts an extensive FAQ about credit card surcharging that addresses common concerns.
Only credit card transactions qualify for surcharging. Debit card, ACH, and prepaid card transactions do not apply.
See PayTrace’s Surcharging FAQ to learn from our B2B payment experts how to set effective rates and how you can apply surcharges.
A virtual terminal that works for you.
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Virtual Terminal
Use our simple web interface for both key-entered and card swipe transactions.
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payment link
Create Pay Now buttons for your website or send links via email for clients to pay their electronic invoices online.
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recurring billing
Manage and schedule monthly or regularly scheduled recurring payments.
PayTrace helps merchants be more competitive.
If you want to further lower your credit card processing fees for B2B transactions, learn how PayTrace automatically helps qualify business transactions for lower Level II and III rates through interchange optimization.
Before adding surcharging, be sure to consider:
- You are required to disclose surcharges to customers and are responsible for understanding the rules and regulations.
- You are required to offer at least one payment method that is not subject to a surcharge.
- For many customers, credit cards are their preferred payment method. And a surcharge will raise prices for them, which could discourage credit card usage.
Ready to get started with surcharging?
If you’re an existing client, you can work with your Merchant Service Provider to submit the registration forms needed to enable surcharging on your account.