Visa announces surcharge changes
What is a credit card surcharge?
A surcharge is when a business adds an additional fee to a customer’s credit card purchase to cover the cost of the credit card processing fee.
Best practices to avoid chargebacks and minimize losses
What is a chargeback?
A chargeback, also referred to as a payment dispute, occurs when a cardholder questions a transaction and asks their card-issuing bank to reverse the transaction.
Best practices to avoid chargebacks and minimize losses:
- Do not complete a sale if the authorization request was declined.
Common credit card decline codes
What is a credit card decline?
A credit card decline occurs if, for a particular reason, a credit card payment cannot be processed. The transaction is declined by the payment gateway,
