A new credit card processing service has been introduced offering a free POS terminal that automatically applies surcharges to credit cards and provides customers with itemized receipts.
PassThrough says its new service allows merchants to finally combat the escalating and prohibitive cost of accepting credit cards in their establishments.
The Company says the rules that govern a merchant’s ability to surcharge are wrapped in a complicated web of overlapping credit card network regulations and state statutes. A business wishing to offset credit card acceptance fees by surcharging must strictly comply with these rules and regulations. That’s where PassThrough comes in. PassThrough provides a simple and fully compliant way for merchants to process credit cards for free.
Each merchant who signs up with PassThrough’s service is sent a free POS terminal that automatically applies surcharges to credit cards and provides customers with itemized receipts. PassThrough also provides merchants with compliant signage. PassThrough uses the gateway of Transactions Services, a registered ISO/MSP/TPP of Chesapeake Bank.
PassThrough notes industry data reveals that merchant surcharging in other countries has not had a negative effect on sales. In Australia, where surcharging has been permitted for over a decade, more than 40% of large merchants impose surcharges.
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