Significant Changes are coming from Visa and the Card Brands!
Starting April 15th 2023: Visa and Card Brands are changing the rules.
- What you need to know as a business owner:
- Don’t get caught with your pants down – you must pay attention to this.
- The scary news is surcharge is changing to 3% from 4% – should you worry about that?
- Numerous programs say – to pay 0% for credit card processing and pass the fee to your customers.
- Which program you use is the question you need to ask.
- Some companies give their program a name, and some do not.
- Also, what signage do you have at your business or on your invoices?
- Which program are you on?
- Surcharge?
- Cash Discount?
- Non-Cash Adjustment?
- Dual Pricing?
- What does your signage say at your business?
- Surcharge?
- Get a discount when you pay with cash?
- Do your receipts and or equipment show cash price and credit price?
- Everyone needs to check and see if you need to update your equipment, program, and signage before April 15th; all processors are ready.
- Do you need new technology? Are you ready to make a change?
Today technology is the driver that makes our lives easier, helps us run our businesses, and more!