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Processing Charge

An amount of 2% which the CSEA is required to charge on every dollar it collects or is required to collect. This is to compensate the CSEA for the cost of processing the moneys it collects. It was formerly called poundage.

Question: As a wholesale company, is it legal for us to charge customers a fee for credit card processing on purchases? The owner here is charged for processing credit cards for orders and he wants to pass along this charge (4%) to his customers, is this allowed?

Answer: Check you agreement with your credit card companies to make sure, but I don't believe it is.

 


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