Payments News

On The Web

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Cash Discounts and Surcharging Remain the Hot Topic for ISOs

“They’ve been the subject of intense debate for several years now, but evidence from the Southeast Acquirers Association annual conference Tuesday shows interest among independent sales organizations in discounts for cash and credit card surcharges is as high as ever. About 800 people attended the Atlanta confab that concluded Wednesday, and most of them crowded […]
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Surcharging Is Poised to Gain Momentum As State Bans Fall And Acquirers Spot Opportunities

“Surcharges on credit card transactions could pick up momentum now that only four states effectively ban the practice, a panel of experts indicated Wednesday at a merchant-acquiring trade show. That momentum may benefit not only merchants wary of card-acceptance costs but also merchant-service providers that focus on surcharging as a business opportunity, the panel indicated. […]

On The Wires

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SurchX Launches to Change the Profit Game for Merchants

“SurchX is solving one of retail’s biggest challenges – staying profitable in an increasingly commoditized world. With the world’s first interchange fee recovery platform, SurchX’s API uses sophisticated algorithms that enable retailers to securely pass merchants’ fees for credit card transactions onto the customer, while staying compliant with 67 regulatory bodies in the United States.”