Should we surcharge as a percentage of the transaction value or a flat dollar amount?
Should we surcharge as a percentage of the transaction value or a flat dollar amount?
If you surcharge and don’t have the surcharging functionality enabled on your terminal, you can choose to calculate the surcharge as a percentage of the transaction value or as a flat dollar amount per transaction.
We have detailed both options on your Average Cost of Acceptance Table.
If you have the surcharging functionality enabled on your terminal, this will always be charged as a percentage for Visa, MasterCard, AMEX or Diners card transactions and a fixed dollar amount for EFTPOS debit transactions.
