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A payment surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card, debit card or an e-money account, [1] but not cash, which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company. [2]
So while using a credit card to book your hotel stay can offer many benefits with the right card, keep in mind you’ll be dealing with a pending charge that could get delayed if there are any issues.
Reviewing your credit card statement each month is one of the best ways to check for errors, see your rewards, analyze your spending and find out how much interest and fees you’re being charged.
Interchange fees have a complex pricing structure, which is based on the card brand, regions or jurisdictions, the type of credit or debit card, the type and size of the accepting merchant, and the type of transaction (e.g. online, in-store, phone order, whether the card is present for the transaction, etc.).
However, should the merchant not disclose the actual nature of the transactions, these will be processed as regular credit card transactions. Many merchants have passed on the credit card processing fees to the credit card holders in spite of the credit card network's guidelines, which state the credit card holders should not have any extra fee ...
Discover how lowering merchant fees can play a large role in business success and customer satisfaction.
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