58% of merchants are familiar with surcharging.
But only 23% of small merchants reported that they charged an extra fee to consumers using credit cards, according to new insights from TSG.
The new data is captured in TSG’s 24-page U.S. Surcharging Snapshot, sponsored by CardX. Provided to readers as a free report, this snapshot highlights select trends in the U.S. surcharging market. Along with additional feedback gathered from a poll of small merchants on their understanding and use of surcharging.
As more merchants seek options to save on fees, surcharging (and cash discounting programs) are expected to continue to grow in popularity in the U.S. and can be lucrative for them and merchant acquirers. we can help