Make sure you understand the costly difference between SERVICE CHARGES and SURCHARGES

(Last updated on: May 24, 2022)

You may not think there is much difference in that wording, but if you aren’t careful about it, it could be a costly mistake to confuse the two.

One of our Wintix users received a complaint from Visa alleging they may be operating in violation of Visa’s rules related to assessing a surcharge to transactions paid for with a credit card and debit card.

Because the client didn’t know the requirements, they could have faced a penalty of several thousands of dollars.

 

 

 

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