processing Plans
Case1 : Regular processing
Case 2: Surcharging
Case 2: Surcharging
Charge low prices to customers and pay processing fees as expected by the industry.
Acceptable practice example:
2.5% + $0.09 /swiped transaction
2.8% +$0.15 /manual entry
Tip Regulations
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Tip regulations is controlled by DOL " Department of Labor"
Visa rules controls which retail SICCODE can ask for
Charge low prices to customers and pay processing fees as expected by the industry.
Acceptable practice example:
2.5% + $0.09 /swiped transaction
2.8% +$0.15 /manual entry
Tip Regulations
------------------------------
Tip regulations is controlled by DOL " Department of Labor"
Visa rules controls which retail SICCODE can ask for tip.
1- Tip can be split to Tip1, Tip 2, Tip 3. i,e:
server tip-1
chef's tip -2
2-Store owners or managers shall not receive atip, however store owner decides how a tip is distributed .
Case 2: Surcharging
Case 2: Surcharging
Case 2: Surcharging
adding a fee to a transaction must follow the Visa rules:
- 1- Surcharge shall not exceed 3% and shall be disclosed on every receipt.
- 2- Debit cards shall not be surcharged.
- 3- The merchant shall not surcharge more than the processing cost.
- Note Cash discounts or adjustments line on receipt,if applied to debit cards where cash is considered a
adding a fee to a transaction must follow the Visa rules:
- 1- Surcharge shall not exceed 3% and shall be disclosed on every receipt.
- 2- Debit cards shall not be surcharged.
- 3- The merchant shall not surcharge more than the processing cost.
- Note Cash discounts or adjustments line on receipt,if applied to debit cards where cash is considered a base price is not compliant.
Some companies apply charges 4% to customers, to both credit and debit cards and they call that zero processing cost to the merchant.
This is not compliant,
Case 3: Dual pricing
Case 2: Surcharging
Case 3: Dual pricing
Pay regular fees to processing
1- clearly show a higher price of items on the shelf , higher enough to cover any operation cost.
2- give discounts as business policy see suitable , like cash discounts or price promotion.
3- remember, a discount is a lesser price , not a price adjustment to higher level.
4- consumer must be aware and clear of
Pay regular fees to processing
1- clearly show a higher price of items on the shelf , higher enough to cover any operation cost.
2- give discounts as business policy see suitable , like cash discounts or price promotion.
3- remember, a discount is a lesser price , not a price adjustment to higher level.
4- consumer must be aware and clear of price.
5- Visa requirs that the higher price is made known to the customer, by proper shelf pricing, Window labels and terminal proper disclosure in every receipt.
Pay only what is expected by industry.
Agent's and provider's role is to help make terminals capable of calculating promotion discount, but also add clear disclosures to consumers receipts of such discounts