Get the free Merchant Surcharge Program Addendum

This addendum outlines the terms for the Merchant Surcharge Program which modifies the merchant processing agreement to include surcharge fees for credit and debit card transactions, detailing applicable fees, responsibilities, and compliance requirements.

How to fill out merchant surcharge program addendum

How to fill out merchant surcharge program addendum

1. Begin by reviewing the merchant surcharge program guidelines provided by your payment processor.
2. Gather necessary documentation about your business and payment processing fees.
3. Fill in your business name, address, and contact information in the designated sections.
4. Indicate the specific surcharge percentage you intend to implement on credit card transactions.
5. Clearly outline the communication methods you will use to inform customers about the surcharge.
6. Review your state regulations to ensure compliance with local laws regarding surcharges.
7. Sign and date the addendum, indicating your agreement to the terms.

Who needs merchant surcharge program addendum?

1. Businesses that accept credit card payments and wish to pass on processing fees to customers.
2. Merchants who are looking to implement a surcharge on credit card transactions in compliance with their payment processor's requirements.
3. Retailers and service providers who want to cover their payment processing costs to improve profitability.

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What is merchant surcharge program addendum?

The merchant surcharge program addendum is a document that allows merchants to disclose the amount of surcharge they impose on customers who use credit cards for purchases.

Who is required to file merchant surcharge program addendum?

Merchants who impose a surcharge on credit card transactions are required to file the merchant surcharge program addendum.

How to fill out merchant surcharge program addendum?

To fill out the merchant surcharge program addendum, merchants must provide their business information, specify the surcharge amount, and detail the payment methods to which the surcharge applies.

What is the purpose of merchant surcharge program addendum?

The purpose of the merchant surcharge program addendum is to ensure transparency by informing consumers about any additional fees they may incur when using credit cards.

What information must be reported on merchant surcharge program addendum?

The information that must be reported includes the merchant's name, address, contact information, the percentage or fixed amount of surcharge, and the types of credit cards to which the surcharge applies.