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CPA & Accountants: What you should know about Credit Card Surcharging & it's legality

4.5 (562)

Jeremy Layton, BA (Business Finance)

Verisave

Wednesday, June 10, 2020 | 12:00 PM EDT

  • CMA
  • CPA

FREE

Subject Area

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Course Description

If you like paying with plastic, you’ve probably shopped with merchants that add surcharges to credit card purchases. This may lead you to wonder: Is that even legal?Credit card surcharging has been historically prohibited in the U.S. These are currently prohibited in 10 states—Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma, and Texas.

Credit card companies make money by collecting fees. These fees includes interest charges, annual fees, late fees, fees collected from merchant etc. 

In this practical free CPE webinar, you will learn how a company can legally add a surcharge to a customer that chooses to pay with a credit card and the risks that go along with it. You will also learn other techniques to help your company reduce its credit card processing fees. We will also detail out :

  • Steps one must take to protect(legally) from credit card surcharging.
  • Various ways to reduce credit card processing fees.
  • Advise your clients/companies reducing surcharging fees from credit card companies.

Recommended for : 

CPA or Accountants or Tax Professionals : This webinar will give you insights on advising your clients on how to significantly reduce your credit processing fees and will help you in being a valued advisor. 

CFO, Staff Accountants, Director of Finance, Controller you are always expected to improve bottom-line of your company, this webinar will help you in understanding step by step how you can really reduce your company’s credit processing fees up to 50% and that too without switch processor.


Learning Objectives

  • To recount the history of the credit card processing industry
  • To recognize what a credit card surcharge is, its rules and when/how should it be applied.
  • To identify the merchant account fee structure a little in detail.
  • To identify various strategies to reduce your credit card processing fees through alternate means
  • To identify the errors, inflated fees & hidden charges in credit card processing.
  • To identify which states allow surcharging and which do not

Who Should Attend?

  • Accounting Firm

Testimonial

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    [no_of_record] => 562
    [average] => 4.5302
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4.5

(562)
64%
27%
7%
1%
0%

GA

Jeremy is an excellent presenter. He is very knowledgeable and also has great communication skills. He made full use of the time available while still managing to field and answer all the queries.

LJA

It was a great webinar. Good Presentation. Never knew the fact that there are so many hidden credit card surcharges and how we can save them. It was an completely out of box topic and can save a lot of money.

AN

Content of the subject was very good. I liked the facts that questions were reviewed.

AW

I enjoyed the webinar. I would appreciate more detailed webinar on the subject specially about the taxation part on credit card surcharging.

AZ

The speaker did a very good job. It was a really interesting webinar. This was my first webinar with myCPE and i am happy with the overall experience.

SS

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