A surcharge is a fee imposed upon the customer during a credit card transaction that covers the cost to accept the payment method. The POS system or terminal automatically detects when a customer is paying with a credit card and imposes the surcharge on that transaction type only.

The Surcharge program is great for businesses that don’t want to include all processing fees into their menu pricing, but still want to share some of the costs to accept cards with their customers. Business owners have the flexibility to add a credit card fee to a consumer’s bill when he or she uses a card for payment, but that fee is removed if they use cash and/or a debit card.

Since business owners aren’t required to include all of the processing fees into their displayed pricing, the Surcharge program is perfect for business owners that frequently update or modify their menus. It’s also beneficial for businesses that may operate with pricing limitations on goods or services.

Operating on the Surcharge program gives business owners flexibility to save on processing fees by passing on a fee to customers that pay with a credit card, and maintaining the same pricing for customers that pay with cash or a Debit card. This empowers businesses to offer multiple methods of payment for consumers and begin accepting cards without shouldering the cost of acceptance.

The Surcharge program is perfect for business owners looking to share some of the cost of credit card acceptance with their customers via a surcharge, as opposed to increasing pricing across all menu items. Customers receive multiple payment method choices and will still receive the benefits of using their credit card at your business.

If your business is looking to offset 100% of processing fees, then Monument Payments Cash Discount program might be a better fit for your payment needs. Check it out here.