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Expand your options for lowering costs
Credit Card Surcharge provides you with the opportunity to lower your payment acceptance costs, improving your bottom line.
By adding an additional percentage-based fee to a customer's credit card transactions, you no longer have to limit which credit cards you accept at your business as you will now be able to cover, or partially offset, the acceptance cost of credit card transactions.
Typical surcharge verticals
Home services
Automotive services
Personal services
Restaurants
Retail
How does it work?
When a cardholder is making a payment with their credit card, they will be see the surcharge fee on the payment screen. The cardholder will then have the opportunity to accept the fee or change their method of payment.
If they accept the fee, the surcharge is applied to the purchase. If they do not accept the fee, they will avoid the surcharge fee by using another payment method.
The surcharge fee will not be displayed if the cardholder uses a different payment method, such as a debit card or pre-paid card.
What you need to know
- Available surcharge rates - the rate that you and your cardholder pay - are 2.0%, 2.25%, and 2.4% of the purchase price.
- You pay a flat rate of 1.65% + $0.10 for Visa Debit, MasterCard Debit and Discover Debit transactions (American Express is excluded) and $0.10 for Interac debit.
- This solution is only available on credit cards (Visa, Mastercard and Discover), not debit cards.
- Disclosures must be present at the point of entry, point of sale, and during the transaction. Physical signage will be provided by Elavon.
- Credit Card Surcharge is not available in Quebec
Credit Card Surcharge is only supported on Converge
- Link/2500, Lane/3000, Lane/5000, iPP320, iSC250, iCMP
- Virtual Terminal
- (Moto/POS)
- iPP320
- iSC250
- Link/2500
- iCMP
- Converge API
- Hosted Payment
- iSC250
- XML API
- Checkout.JS
- Buy Button
Examples with a surcharge of 2.4% (2.0% and 2.25% also available)
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Disclosures
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