Help reduce your credit card
transaction expenses
At Oval Payment Solutions, we understand the importance of affordable payment processing solutions for your business. That's why we offer a Surcharge Program that allows you to offset your payment processing costs by adding a small surcharge to certain transactions.
With our program, you can accept payments from your customers without having to worry about high processing fees eating into your profits.
Our Surcharge Program is a cost-effective way to accept payments from your customers. By adding a small surcharge to certain transactions, you can offset your processing costs and improve your bottom line. With competitive rates and flexible options, our program is the ideal solution for businesses looking to save money on payment processing.
Low processing fees: Our Surcharge Program offers competitive processing fees, with a surcharge of just 1% plus $0.25 per transaction on debit cards and $0 plus $0 per transaction fee for credit cards.
Credit card surcharge: Credit card holders are subject to a 3% surcharge, which allows you to offset the higher processing fees associated with credit card transactions.
Easy setup and integration: Our Surcharge Program is easy to set up and integrate with your existing payment processing solutions, so you can start saving money on processing fees right away.
Restrictions may apply: Our Surcharge Program is subject to certain restrictions, such as compliance with state and federal laws and regulations. Our team will work with you to ensure that your program is in compliance and meets all necessary requirements.
Frequently Asked Questions (FAQs)
Is surcharging the same as a convenience fee?
No. A surcharge is a percent fee applied uniformly for all credit card transactions. Conversely, a convenience fee is a fee applied to alternative payment methods that is not standard for the merchant. For example, paying online when in-person payment is the standard payment method.
Can I apply a different surcharge percentage for different transactions?
No. The same 3 percent must be applied to all credit
card transactions.
Can I surcharge and also apply a convenience fee or offer a cash discount?
No. Once you are part of the surcharge program, you can no longer charge a convenience fee, service fee or offer a cash discount.
Can I apply a surcharge only on selected sales items or services?
No. If you surcharge, a surcharge must be applied to all items in the sale.
Can I apply a surcharge only on selected transactions?
No. If you choose to assess a surcharge, a surcharge must be applied to all credit card transactions.
Are there other requirements?
Yes. The card brands and your state may have other
requirements. By enrolling in the Merchant Surcharge Program, some of these requirements will be fulfilled on your behalf, including, but not limited to, notifying the card brands and registering your participation in the Merchant Surcharge Program with them, itemizing the surcharge on customer receipts, preventing surcharges on applicable debit and prepaid card transactions, and refunding surcharges on returns.