No third parties, no setup fees, just fast and reliable payments directly from your checkout system. Explore Lightspeed Payments What is the catering surcharge? Restaurant Chinese American Phone Number List surcharge is the practice of adding a pass-through or surcharge to the bill of a customer paying by credit card . Customers' use of this payment method incurs a fee for its processing. Restaurants choose the surcharge to pass on the credit card charges they usually absorb to customers who choose to pay by card. How much are the credit card fees? Card fees add up and can be a significant cost to restaurants. These fees are entirely dependent on the type of credit card and the payment provider (whether or not it is integrated with your checkout system ). Overall, card fees can vary from.
Card fees are made up of several components, such as card brand fees and interchange fees. The interchange fee is the commission that the restaurateur's bank must pay when a customer uses their card. These fees are charged by the credit card issuer's bank. Card brand fees are fees charged by different card brand companies like Visa, Mastercard, American Express, Discover, etc. The payment processor and payment hardware also charge fees. All of these different players make up credit card fees. Learn More — Payment Processing: 7 Questions to Ask Before Choosing a Payment Provider What are the benefits of the surcharge? Whether the surcharge is appropriate for your restaurant depends on existing card fees, surcharge regulations in your area, and how you plan to pass the costs on to customers.