Credit card fees can significantly cut into your profits, especially when processing large volumes of transactions. With DepositFix's new Credit Card Surcharge Fee feature, you can seamlessly pass these costs onto your buyers, helping you maintain your full revenue. Instead of absorbing the 2-3% fees yourself, our system automatically calculates and adds the applicable surcharge to your invoices.
By clearly displaying surcharges, DepositFix enhances buyer trust, as customers appreciate the upfront disclosure of costs, leading to stronger business relationships and reduced payment disputes.
The acceptability of credit card surcharges varies by country:
Empower your business by making every transaction fee work in your favor. Let DepositFix manage the complexities of credit card surcharges, freeing you to concentrate on your core operations and strategic goals.
The Credit Card Surcharge Fee feature allows businesses to pass the cost of credit card processing fees onto buyers. DepositFix automatically calculates and adds the appropriate surcharge to invoices, helping businesses maintain their revenue without absorbing the transaction costs.
DepositFix calculates the surcharge based on the transaction amount and the applicable credit card processing fee percentage. For example, if an invoice is $1,000 and the processing fee is 3%, the system will add a $30 surcharge, making the total invoice amount $1,030.
Yes, once you enable the feature, DepositFix automatically adds the surcharge to all invoices according to your specified settings. You can customize when and how the surcharge is applied to meet your business needs.
DepositFix’s surcharge feature can be configured to apply to specific payment methods or to all methods. You can customize settings based on your payment processing mix to ensure the surcharge is applied correctly.
Yes, you can customize the surcharge percentage to match the credit card processing fees you incur. DepositFix allows you to set the percentage based on your specific needs and the types of transactions you process.
For additional information or assistance with setting up the Credit Card Surcharge Fee feature, please contact our customer service team. We’re here to help you make the most of this feature and ensure it meets your business needs.
The legality of credit card surcharges varies by location. In the U.S., credit card surcharges are allowed in most states but are subject to specific disclosure requirements, while only Connecticut and Massachusetts restrict or prohibit them. Internationally, the EU generally bans surcharges for consumer cards, while countries like Australia, Canada, and New Zealand allow them if disclosed transparently. Always check local regulations to ensure compliance.
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