NYSVMS Webinar: How to Charge Extra for Using Credit Cards
Event Details
Our recent member survey showed that many members are concerned about rising costs.
But we also found out that many members did not realize that they could now recover the costs of merchant processing.
The NY State Department has issued new guidance that allows you to charge an additional fee to customers paying with a credit card. (NYS GBS 518). But you must be transparent by displaying the highest total price including sales tax.
How does that work in practice?
Join our panel discussion to find out how you can improve profitability by charging for credit card use.
Panelists:
Clay Farrell: CEO TMGvets, NYSMS merchant processing partner
Frank Fanshawe: Partner, Whiteman Osterman & Hanna, NYSVMS legal advisor
Zack Kulesz, TMGvets
Donald Jackson, TMGvets
Learning Objectives:
- How to comply with NYS GBS 518
- Key points to avoid when charging for credit card use
- How you can configure your merchant processing system to help you