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Credit Card Processing Fee

  • 1.  Credit Card Processing Fee

    GOLD CONTRIBUTOR
    Posted Jan 24, 2019 10:12 AM
    We are going to start charging customers credit card fees. We currently use Charge Logic. Our finance director wants this fee to be processed from the bank, not as a G/L line as we believe that would result in an additional fee from the cc company (charging their percentage against our percentage). Is anyone doing something similar? Or do you have any suggestions on how to accomplish this? We are currently on Nav 2013.

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    Joshua McGee
    Information Systems Manager
    Cover-Pools, Inc
    West Valley City UT
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  • 2.  RE: Credit Card Processing Fee

    TOP CONTRIBUTOR
    Posted Jan 25, 2019 08:55 AM
    ​Hi Joshua,
    I suggest you consult with your legal team before proceeding further.  The rules that govern your ability to charge credit card customers a fee is very complex with every State having their own set of rules.

    I deal with the Chargelogic product every day and so far none of the handful of customers that have wanted to do this actually pursued integrating the process after consulting with their legal teams.

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    Crystal Tollison
    Consultant
    ArcherPoint Inc.
    Lawrenceville GA
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  • 3.  RE: Credit Card Processing Fee

    GOLD CONTRIBUTOR
    Posted Jan 28, 2019 11:43 AM
    Thanks Crystal,

    We have been in contact with our legal team and have already planned for the different state requirements.

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    Joshua McGee
    Information Systems Manager
    Cover-Pools, Inc
    West Valley City UT
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    Conference-BCNAVUG_200x200


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