Surcharge is an additional fee that retailers provide to the
purchase cost when a customer will make use of a payment card. The ability of a
merchant to add a surcharge is being conditioned on the satisfaction of the
merchant in a certain disclosure of requirements which includes the advance
notice both of the credit card company and for the merchant’s intention in
imposing a surcharge in not less than thirty days. A certain merchant can satisfy its obligation
in the disclosure of the credit card company by providing several information
such as the name of the merchant, its contact information like phone number,
email address and permanent home address, the number of the surcharging
locations, the type of channel like eCommerce, face-to-face, phone order or
mail order and the type of surcharge either product or brand.
Surcharge Online Processing have the permission to apply either a surcharge on
a product level or a surcharge for the brand level to the credit card
companies. A surcharge for the brand level is the one wherein a merchant is
charging the same amount of percentage on all the credit cards. On the other
hand, a surcharge for the brand level is the one that imposes a certain
surcharge on all the credit cards. Looking at the same point of view, the level
of surcharge is often subjected to a cap.