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The suit, which dates back to 2005, accuses the card networks and banks of conspiring to fix interchange fees that businesses pay to process credit and debit cards. The settlement is seen as a victory by many fighting for interchange reform, but at least three plaintiffs in the case feel it doesn’t go far enough. …
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This decision overturns a 1992 ruling in Quill Corp. v. North Dakota in which the Supreme Court ruled that a business must have a physical presence in a state for that state to require it to collect sales taxes. That means that any online business did not have to pay sales tax in states where it did …
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A contract does not equate to a cancellation fee and having a contract term end is not really a good thing.
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In some cases, your business can charge customers a convenience fee for using a credit card. But there’s a maze of rules, exceptions, and even state laws to navigate to ensure you stay compliant with the terms of your merchant processing agreement. It’s also important to note that credit card convenience fees are different than …
Charging Customers a Credit Card Fee at Checkout Read More »
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The short answer is: Yes and no. The longer answer is that it depends on the type of card. You’ll have to follow applicable rules as well. Credit cards: Yes. It is acceptable for you to set a minimum charge on credit card purchases as long as you abide by the stipulations as set forth …
