FREE Processing: Surcharge
MG4SMB can eliminate up to 100% of your processing fees
Eliminate MOST your processing fees
Key points to remember about surcharging:
Available in 48 states (prohibited in CT and MA)
Requires 30 days notice to card brands
Credit transactions only; cannot charge debit cards
Surcharge must not exceed 3%, effective April 2023
Surcharge % must not exceed cost of acceptance
Proper signage and notification required
But that's not all! Talk to us and learn how to be 100% compliant.
If (1) your business is not 100% compliant and/or (2) your cost of acceptance is higher than 3%, and you'd like to eliminate all your processing fees, a cash discount or dual price program may be a better fit for your business. Book your free consultation to find out now.
Proper Signage
If your business is imposing a surcharge, and you have not followed all the requirements by the card brands and states, then your business is NOT compliant and subject to penalties
Proper signage like this is required, yet most merchants are very dubious about their communication to customers, and are there NOT compliant and subject to penalties
Get your surcharging done right with MG4SMB, or look at our alternative cash discount or dual price programs
Accept payments, offset fees, increase sales
Save hundreds per month on card transaction fees.
Reduce fraud risk with an EMV- and NFC-enabled terminal.
Grow revenue with an all-in-one digital platform.
Keep your customers happy with proper communication
How it works
MG4SMB equips you with a cutting-edge payment terminal that automatically offers a surcharge to credit-paying customers.
We help you adjust your regular pricing to offset processing costs.
We help you communicate your pricing to customers, making your program compliant and your customers happy.
How MG4SMB Benefits Businesses
Our surcharge program can still help businesses save hundreds or thousands of dollars every month, depending on their monthly processing volume and transaction count.
Top 3 Reasons Businesses Enroll:
Reduce existing credit card processing fees
Credit card processing fees range from 1.3% to 3.4% plus the payment processor’s cut
A typical liquor store processing 46 transactions a day at an average ticket price of $23 would pay $984 in monthly credit card fees if processing with a competitor at a rate of 2.6% + 10c
A surcharge program done right can save that liquor store merchant up to $1,000 each month
2. Upgrade from a cash-only business
44% of people carry $20 or less, and 9% of people don't carry cash at all
Credit transactions are 120% higher than cash transactions, on average
56% of small businesses still do not accept EMV chip cards, despite the fact that being EMV-compliant can decrease fraud by as much as 60%
3. Grow their business with a digital platform
Have a Virtual Terminal available to do transactions from any device, anywhere, anytime
Ability to send digital invoices and collect your money faster
Option to have recurring billing for regular paying customers or vendors
Think of it this way...
✅ Do you own a small business?
✅ Do you accept credit card payments?
❌ Do you enjoy paying processing fees?
🛑 STOP PAYING PROCESSING FEES!
💰Reward yourself by keeping your hard earned money!
Processing fees can be some of the highest expenses for small businesses. You accept credit cards as a convenience to your customers, yet your customers are the ones being rewarded with sky miles while you pay their processing fees! Wait? What? Have you ever asked yourself why you pay for your customers vacations?!
What businesses are ideal for surcharge?
A surcharge program is most ideal for businesses with low ticket sales, since you are passing your merchant processing fees to your customer. Here are some examples:
