Credit card surcharge rules update

In last week’s blog, we outlined the credit card surcharge rules that apply to small businesses as of 1^st September 2017.  At that time, we were not clear on how it affects the use of providers such as Square, PayPal and the like.  Such providers typically charge businesses a flat fee of around 2% on various credit cards.

We can now confirm that such providers are referred to as Payment Service Providers. Our investigations have found that a small business will comply with the new rules provided they do not charge any more than what they are charged by the payment service provider.

At MRS, we will spend today planning for your success tomorrow.

At MRS, we will spend today planning for your success.