With Webmart-USA’s Enterprise First Program your effective credit card processing fees can be as low as 0%. This is our most popular program and is being implemented by businesses of all sizes! Our Enterprise-First program offsets the majority of the Enterprise’s credit card processing fees by adding an additional fee, or surcharge, at the time of sale when a customer is paying by credit card. The fee, usually 4%, covers the cost of credit card acceptance for the Enterprise. Webmart-USA pays the interchange rates and fees on behalf of the Enterprise and 100% of the purchase price is available to the Enterprise the next day!
What Is A Credit Card Surcharge?
Surcharging is the practice of adding on a small fee to a credit card transaction to cover the merchant’s costs for processing the payment. Instead of the merchant having to absorb this expense, the customer who chooses to pay by credit card pays for the processing costs that do not apply to other payment methods.
Surcharging is sometimes also known as “zero-fee” or even “free” credit card processing. With surcharging, the extra cost is added to the advertised price at the point of sale. As of early 2021, there is only one US territory and four states that don’t allow credit card surcharges. In the following jurisdictions, you won’t be able to impose surcharges (at least for now): Puerto Rico, Colorado, Connecticut, Kansas, Massachusetts. If you are in a restricted area you should consider our Cash-Pay Promotion Program that gives the customer a discount equivalent to the cost of credit card processing if he or she pays in cash (or by paper check or debit card) which is legal everywhere in the U.S.
What is Needed for Enterprise First?
The Webmart-USA software takes care of all of the legal requirements around displaying the surcharge as a separate line item on your receipts. Webmart-USA will also supply you with conforming notices to post inside your store for both at the entrance and at the point of sale and language for the checkout page of your website.
It’s easy to get started with Webmart-USA. Simply complete our Basic Application form below and we will route you to a representative that will get you set up quickly. Click Here to Get Started Today!
