Credit Card

If your question is, "Can I charge my customers a fee to pay with credit card?" The answer depends on when and which credit card. Before July of 2012, the answer was much more complicated as various credit card processors, bank, and originators such as Visa, MasterCard, and American Express imposed various policies on if and how to "pass" credit...

In light of the settlement credit card companies like MasterCard and Visa reached recently, we got a call from one of our Pizza Point of Sale (POS) customers from BestPizzaPOS.com on how they can charge customers more for using credit cards at the Pizza Shop. Lets quickly answer these questions: Can my Pizza POS charge more for credit card customers? YES...

Until last Friday, the answer was a bit more complicated as Visa, MasterCard, and several large banks involved essentially imposed rules on merchants which did not allow merchants to directly pass on credit card fees to their customers. There are two major entities in the credit card transaction process. Companies like Visa and MasterCard collect a fee for the right to use...