Is Dual Pricing Compliant with Card Network Regulations?
Yes, dual pricing is a compliant strategy for managing processing costs, provided you follow specific card network regulations regarding transparency and disclosure. This model allows your business to offer both a cash price and a card-present price, effectively offsetting interchange fees and card brand charges.
To ensure your program remains compliant, we focus on the following requirements during setup and provisioning:
- Automatic Calculations: The system must automatically calculate surcharges or cash discounts at the point of sale so the math is handled accurately for every transaction.
- Clear Disclosures: Transparent disclosures must be displayed at the point of sale, ensuring customers are fully informed of the two pricing options before they pay.
- Line Item Transparency: For software-driven solutions like our Lavu Dual Pricing Integration, the non-cash surcharge is collected and displayed as a separate, clear line item on the customer’s receipt.
As your partner for better payment processing, we provide the hardware and expertise necessary to implement these strategies correctly. While the business owner remains responsible for merchant surcharge compliance under applicable card network rules, we guide you through these requirements to ensure your program is aligned with industry standards.
We offer several solutions to support this model, including the Clover Flex Dual Package and Lavu integrations, which are designed to support zero-cost credit card processing for qualifying merchants in the United States.
Related FAQs
-
How do I Integrate a Pos System with Inventory Management?
Read More »: How do I Integrate a Pos System with Inventory Management?Integrating a Point of Sale (POS) system with inventory management involves using a cloud-based platform that connects your sales data directly to your stock levels. This integration is achieved through several key features and actionable steps: Key Integration Features: Real-time…
-
What is the Best Pos Inventory Management Software?
Read More »: What is the Best Pos Inventory Management Software?The best POS inventory management software depends on your specific business needs, as several leading platforms offer high-quality features. Based on the solutions provided by The POS Brokers, here are the top options and their standout benefits: Clover POS: This…
-
What are the Top Pos Systems for Small Business Inventory Control?
Read More »: What are the Top Pos Systems for Small Business Inventory Control?The top POS systems for small business inventory control identified by The POS Brokers are Clover, Revel, and Lavu. Each system offers real-time cloud-based tracking and specialized features: Clover is ideal for retail environments, featuring low-stock notifications, barcode scanning, and…
-
How do I Implement Omnichannel Payments?
Read More »: How do I Implement Omnichannel Payments?Implementing omnichannel payments involves a strategic transition to a unified system that synchronizes transactions across in-store, online, and mobile channels. According to the guide, the process follows these essential stages: Preparation and Strategy First, assess your current point of sale…
-
How do U.s. Businesses Set up Omnichannel Payments?
Read More »: How do U.s. Businesses Set up Omnichannel Payments?Setting up omnichannel payments for U.S. businesses involves unifying in-store, online, and mobile transactions into a single, seamless system. To implement this effectively, merchants should follow a structured roadmap: Strategy and Audit: Begin by mapping all current sales channels and…

