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Chargezoom Announces New Feature For Credit Card Surcharges
Tuesday, December 15, 2020
New Feature Detects Fee Eligibility According To Consumer Compliance Measures And Updates Transactions Instantly
SANTA ANA, Calif., Dec. 7, 2020 /PRNewswire-PRWeb/ -- Chargezoom, a leading platform for managing customer payments in one single dashboard, today announces a new feature that enables businesses to surcharge credit card transactions instantly. As businesses use surcharging more frequently in response to rising credit card processing fees, partnering with a trusted payment platform to handle the surcharge process is a growing need among businesses, which Chargezoom is now proudly able to offer its customers via their new RewardPay integration.
"To be compliant with the process of surcharging is a big deal for businesses today and we are pleased to now offer the service to our trusted clients at Chargezoom," said Matt Dubois, CEO of Chargezoom. "Given the rules and regulations around surcharging, such as which type of credit cards and which U.S. states allow for legal surcharges, Chargezoom combined with Payroc's RewardPay integration is able to automatically detect if a card can be legally surcharged, saving businesses both time and money."
As major credit card providers like Visa, Mastercard, Discover, and American Express charge businesses expensive processing fees, businesses are increasingly looking for ways to pass these growing costs onto their customers. With the process of surcharging, businesses can divert the credit card company to charge fees to the customer instead of the merchant. As businesses seek cost-saving measures, especially in the midst of a growing recession, surcharging is a successful way for businesses to save hundreds if not thousands of dollars per month.
Businesses that wish to use surcharging must then follow complex compliance standards. Without a high-tech system in place, businesses may have to depend on manual adjustments and other time-consuming techniques. With Chargezoom's new surcharge feature, the technology is advanced enough to determine instantly if the card type is able to accept a surcharge, process the fee accordingly, and update invoice records immediately.
Purchases that are automatically surcharged using Chargezoom are then reconciled automatically into a business's accounting software, including Intuit QuickBooks® which Chargezoom is now a certified partner.
For more information, visit chargezoom.com.
Media Contact
Jenny Castro, Chargezoom, +1 9493019414, pr@chargezoom.com
Twitter, Facebook
SOURCE Chargezoom
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