A Super-Charged Program
NMA’s surcharge program allows merchants to pass credit card processing costs onto the consumer, potentially saving business owners thousands of dollars annually.
NMA’s surcharge program allows merchants to pass credit card processing costs onto the consumer, potentially saving business owners thousands of dollars annually.
Merchants have the ability to offer consumers transactions free of surcharge when paid with something other than a credit card - like cash, checks, debit cards, gift cards, and more.
NMA’s Surcharge Program uses a pass-through processing system that may integrate with a merchant’s existing POSThe time and place a sale takes place. Also refers to the devices used to transmit the credit card transaction. software, or terminalThe device by which a transaction is transmitted to the acquiring bank..
Pre-analyzes each transactionAn act between a seller and a cardholder that results in either a paper or an electronic representation of the cardholder’s promise to pay for goods or services received from the act. The action between a cardholder and a merchant that results in financial activity between the merchant and cardholder’s account....
Automatically detects whether a customer is using a credit or debit card
Displays the amount of the transactionAn act between a seller and a cardholder that results in either a paper or an electronic representation of the cardholder’s promise to pay for goods or services received from the act. The action between a cardholder and a merchant that results in financial activity between the merchant and cardholder’s account...., including the processing fee, before giving customers the option of authorizing or canceling the transactionAn act between a seller and a cardholder that results in either a paper or an electronic representation of the cardholder’s promise to pay for goods or services received from the act. The action between a cardholder and a merchant that results in financial activity between the merchant and cardholder’s account....
If a credit card transactionAn act between a seller and a cardholder that results in either a paper or an electronic representation of the cardholder’s promise to pay for goods or services received from the act. The action between a cardholder and a merchant that results in financial activity between the merchant and cardholder’s account.... is not authorized by the cardholder, alternative payment methods are suggested
Simplifying surchargesAny additional charges to a merchant's standard processing fees. They are a result of non-qualified transactions of different communications methods. for both merchants and consumers is crucial – so is advocating on behalf of merchants so they can freely operate within their respective markets. The state of surchargesAny additional charges to a merchant's standard processing fees. They are a result of non-qualified transactions of different communications methods. is currently changing and NMA works to stay ahead of the curve, providing merchants with industry-advancing products and services.
There’s a lot of misinformation out there. We’re here to clear it up.
A surcharge, otherwise known as a ‘checkout fee,’ is a fee imposed upon the consumer during a credit card transactionAn act between a seller and a cardholder that results in either a paper or an electronic representation of the cardholder’s promise to pay for goods or services received from the act. The action between a cardholder and a merchant that results in financial activity between the merchant and cardholder’s account.... that covers the cost to accept the payment method. The POSThe time and place a sale takes place. Also refers to the devices used to transmit the credit card transaction. system or terminalThe device by which a transaction is transmitted to the acquiring bank. automatically detects when a consumer is paying with a credit card, and imposes the surcharge on that transactionAn act between a seller and a cardholder that results in either a paper or an electronic representation of the cardholder’s promise to pay for goods or services received from the act. The action between a cardholder and a merchant that results in financial activity between the merchant and cardholder’s account.... type only. Before the transactionAn act between a seller and a cardholder that results in either a paper or an electronic representation of the cardholder’s promise to pay for goods or services received from the act. The action between a cardholder and a merchant that results in financial activity between the merchant and cardholder’s account.... goes through, the POSThe time and place a sale takes place. Also refers to the devices used to transmit the credit card transaction. system or terminalThe device by which a transaction is transmitted to the acquiring bank. offers alternative payment options such as debit card, check, and cash if the consumer would prefer to avoid a surcharged transactionAn act between a seller and a cardholder that results in either a paper or an electronic representation of the cardholder’s promise to pay for goods or services received from the act. The action between a cardholder and a merchant that results in financial activity between the merchant and cardholder’s account.....
A cash discount is a marketing and sales tactic that a merchantA business that accepts credit cards for goods or services. utilizes, applying a small customer service fee on all customer transactions. This fee is then removed if the customer chooses to pay with cash or in-store gift cardA prepaid card that is loaded with a specific amount that the cardholder can spend at the sponsoring retailer.. The increase in product/service cost is meant to cover the transaction feeA fee charged for each transaction processed by the merchant. This is in addition to the percentage discount fees. that the merchantA business that accepts credit cards for goods or services. pays to accept the electronic payment method.
A convenience fee is charged regardless of the payment method. There are additional regulations for convenience fees, including the rule that states convenience fees must only be charged on alternative payment channels. For instance, a merchantA business that accepts credit cards for goods or services. can charge a 2% convenience fee on credit card, gift cardA prepaid card that is loaded with a specific amount that the cardholder can spend at the sponsoring retailer., e-check, and other payment methods if the customer chooses to pay over the internet versus face to face.
Service fees are fees imposed to cover costs other than payment acceptance. For instance, labor costs, delivery fees, fuel costs, and services fees in lieu of tipping.
Merchants are required to be registered with the card brands for 30 days prior to surcharging. Once you decide to begin surcharging, NMA will notify the card brands and get you set-up.
Yes, merchantA business that accepts credit cards for goods or services. will need signage at the point-of-entry, point-of-sale, and on the receiptA hard copy of the description of the transaction that took place.. NMA will ensure that all surcharging merchants have compliant POSThe time and place a sale takes place. Also refers to the devices used to transmit the credit card transaction. systems and terminals with surcharge language printed on the receiptA hard copy of the description of the transaction that took place.. If you have questions about appropriate surcharge signage at the point-of-sale, please contact NMA merchantA business that accepts credit cards for goods or services. support.
Yes, currently merchants are limited to a surcharge cap of 4%.
Currently, only credit card transactions can be surcharged. SurchargesAny additional charges to a merchant's standard processing fees. They are a result of non-qualified transactions of different communications methods. cannot be imposed on debit, prepaid, cash or check transactions.