Q. What is the process that a merchant must follow in order to surcharge Visa credit cards? A. A merchant that chooses to apply a surcharge to consumers who pay with Visa credit cards must: • provide it’s acquirer with a minimum of thirty (30) days advance written notice of it’s intention to surcharge • disclose it’s surcharging practices to cardholder at the point of interaction (POI) and on the cardholder’s receipt • apply a surcharge amount that complies with the surcharge cap/method as detailed in the Visa Rules:
A merchant may apply a surcharge at either the Visa brand level or the product level (but not both). (i.e., a merchant may surcharge all Visa credit card transactions, or only certain Visa credit cards, e.g., Visa Infinite) The maximum merchant surcharge for any transaction is 2.4%
Merchant surcharges are not permitted on Visa debit, prepaid card transactions or Amex cards.
As a marketing website for both First Data and Globe Payments we can get this done for you. Enjoy free credit card processing with surcharging. Accept credit cards at 0% cost to you
Being guaranteed merchant account approval is difficult enough when your customers aren’t looking to gamble, look at scantily-clad women or buy Cannabidiol (cbd) oil for anxiety. It’s ironic isn’t it? By far the most lucrative and popular products on the market are the ones that are the most difficult to sell for anything but cold, hard cash. But as these ‘questionable’ hobbies and substances are regulated and become legal and taxable, the surrounding economies have done nothing but flourish. The citizens don’t go crazy smoking pot, gambling and buying porn- quite the opposite in fact. Regulation and funding from taxes even create resources and help for people with problematic habits. So, why is it STILL so difficult to obtain credit card processing for high risk merchants? We think it’s ridiculous that these lucrative entrepreneurs are being considered ‘high risk merchants’ at all, so you are more than welcome to come to us for your high risk payment processing solutions!
Are You Considered a High Risk Merchant?
Online casinos, free online casino slot games, online sports/betting and poker sites, mobile and online gaming sites are high-risk for the merchant account providers because it is essentially paramount to gambling itself, even for the best online casino. Between high turnover, offshore accounts and the potential for money laundering and a high risk of insolvency, the high-risk processing increases liability on the part of the processor.
Pornhub, Redtube and XXX sites might be the norm in some places, but nudity isn’t allowed in every part of the world. The legality isn’t the only issue these particular companies might face. Even where good old consensual adult naked playtime is perfectly above board, some credit card processing providers don’t feel comfortable being associated with the taboo. Some people believe that what goes on behind closed doors should stay there, and they want no part in letting people spend their hard earned money watching amateur porn, no matter how much revenue it brings in.
The benefits of medical marijuana and Cannabidiol (cbd) oil for pain and anxiety are without question, with little or none of the side effects of the endless dangerous pills being pushed by doctors and the pharmaceutical industry. Cannabis, however, isn’t legal in every country, state, or city. Hemp makes paper and fabric; it has absolutely no effect on the brain or body, but even companies that specialize in that alone are having a hard time finding guaranteed merchant account approval. Even in areas where marijuana has been legalized, merchants are finding that financial institutions are still refusing to provide credit card processing services. Intellectual property problems, brand protection and high taxes, increasing the risk of the business itself, are additional deterrents to financial institutions.
Subscription services attract merchant providers because they charge the customer at regular intervals. They can be problematic when customers have a number of subscriptions at one time, forgetting about a few and later demanding refunds. They may have the opportunity to call the credit card company, challenging the subscription to get their money back.
We understand what it means to provide credit card processing for high risk merchants, and we will do everything in our power to give you the opportunity to expand your business model to include merchant services. Everyone deserves access to the products and services they want and need the most for their health, entertainment, convenience and sanity, and you deserve the opportunity to provide them. Contact us for the greatest chance at guaranteed merchant account approval for your high risk merchant account.
Robust functionality. Ultimate flexibility. Total simplicity.
The flexible solution designed to meet your full range of payment and point-of-sale needs
Help your business run more smoothly. Clover Flex is the all-in-one device with the built-in capabilities to help you serve customers better—whether at the counter, in line, at the table or in the salon chair. Easy to hold and easy to hand over to customers to dip, swipe, tap, sign or enter a PIN, Clover Flex delivers the ultimate in flexibility and simplicity in a single device freeing your mind for the things that matter.
Features that make Clover Flex stand out from the competition: Built-in receipt printer and barcode scanner Fast and flexible wireless connectivity with an optional 3G data plan Electronic signature, which makes it easier to keep track of receipts and helps prevent future chargebacks Compatible with the entire line of Clover devices Powered with a full suite of business management tools through the Clover Software plans and App market
Clover Flex. The smart, flexible POS device that’s as dynamic as your business.
Printer, barcode scanner/camera NFC reader
Flexibility that’s ready for anything.
EMV®-enabled cards (chip + PIN; chip + signature)
Clover Flex enables full integration with the complete line of Clover devices. That means you can take an order in line and close it at the counter, complete a checkout at the table or in the aisle—you’re free to work as you want. And with a battery that can go a full day of business without a charge*, there’s never a reason to slow down.
Clover Flex makes it easy to get up and running—right out of the box.
Specifications Payments accepted: Magstripe, EMV smartcard, EMV contactless (including Apple Pay®) Security certification: PCI PTS 5.0 5-inch HD screen (1280 x 720 pixels) Responsive capacitive touch screen for e-signature and PIN entry 2 1/4-inch printer accepting rolls of receipt paper up to 50 feet long 1D/2D barcode scanning with a dedicated button
Camera Connectivity: Wi-Fi, optional 3G plan
Accept more types of payments from magnetic stripe and EMV® -enabled credit and debit smartcards to EMV contactless (including Apple Pay)—all without additional equipment
Help protect your customers, business and reputation from fraud with built-in Clover Security
Monitor sales and profit trends with Clover Insights and the Clover Dashboard mobile companion app (iOS and Android)
Control employee permissions and manage employee shifts without hassle
Build effective loyalty programs, collect customer feedback and send customer promos in minutes
Lithium-ion 7.6V/2100mAh with fast battery charging on Clover Flex cradle (included) Lightweight (1 lb)
Accessories Starter Kit (included) Charging cradle, power cords, and thermal receipt paper ADA PIN pad with shield
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This a copy of credit card rates for the cost of a merchant to accept a payment. It is not correct as this info changes weekly. What it does show that every “non-Qualy Card” has it own costs. Which bank processes the card make no difference in these pre-set costs. However these banks may add their own fees on top
From CFIB website
Currently, understanding which Canadian credit cards can carry premium rates is very challenging for smaller merchants. While both VISA and MasterCard post their interchange rates on their website, information on which cards carry the different rates is difficult to access and understand. Following discussions with CFIB, MasterCard recently posted a list of cards with their associated rate categories on its website. VISA provided CFIB with its rate categories by card and is in the process of posting the information on its site. This chart is designed to allow merchants, employees and customers to understand which cards carry regular or premium rates. While the rate categories should be common to most processors (e.g. Moneris, Global, Chase Paymentech), the merchant fee examples given below are based on preferred total merchant rates for CFIB members with Chase Paymentech and may differ based on the card processor or specific agreement.
Note: While merchants are allowed to suggest customers use lower cost forms of payment, they are not permitted to surcharge or refuse higher cost cards if they accept that brand.
MasterCards noted with a (3) have a “high spend” feature that means merchant fees will escalate to a higher level once a consumer meets the spending or income requirements and consents to the card. Currently, there is no way for a merchant to know by looking at the card whether it will carry regular or high rates. CFIB refers to these cards as “variably high” cards and has asked MasterCard to replace them with separately branded cards. MasterCards with a (5) are in the World/World Elite category which typically carries very high merchant fees. Some such cards may also be in the regular or high category. CFIB has asked MasterCard to ensure all its cards are seperately branded to allow merchants to understand their rate categories. (*) All merchant fee examples are based on: • Fully authorized, electronic transactions where the card is present and the magnetic stripe or chip is read. • Regular merchant rates for smaller retailers (not supermarket or petroleum retailers). • The low rates under the Chase Paymentech program for members of CFIB. These rates are given as an example only and are subject to change and will differ for those using other card processors. Credit card companies and banks frequently change card names/fee structures and issue new card brands. Please visit www.cfib.ca/debitcredit for the most recent version of this document or call CFIB’s Business Resources for more information at: 1 888 234-2232.
Legal Notice: This publication and its contents are for the members of the Canadian Federation of Independent Business (“CFIB”) only, and are not intended for any other recipient. The contents of this publication are for informational purposes and the CFIB does not warrant the accuracy, currency or suitability of any of the information provided herein. Before acting on the basis of any information contained in this publication, please seek the advice of your professional advisors.
After registering a business in canada, the next thing you want to do is Accept debit and Credit Card Processing with a debit machine. We can Finance New Wireless Debit Machine Canada at $39.99 per month. Or one payment of $875, or two payments of $500. You can pay with your visa master or Amex credit card.
We Accept Credit Cards For Services. We are a merchant
You can buy DeskTop debit machine for $675 on your credit card. Or two payments of $400 or lease $38.00
You can buy Wireless debit machine for $875 on your credit card. Or two payments of $500 or lease $48.00