Big Changes are coming from Visa and the Card Brands! | Cash Discount | B2B Vault | Episode 154

Significant Changes are coming from Visa and the Card Brands!

Starting April 15th 2023: Visa and Card Brands are changing the rules.

What you need to know as a business owner:
Don’t get caught with your pants down – you must pay attention to this.
The scary news is surcharge is changing to 3% from 4% - should you worry about that?
Numerous programs say – to pay 0% for credit card processing and pass the fee to your customers.
Which program you use is the question you need to ask.
Some companies give their program a name, and some do not.
Also, what signage do you have at your business or on your invoices?
Which program are you on?
Surcharge?
Cash Discount?
Non-Cash Adjustment?
Dual Pricing?
What does your signage say at your business?
Surcharge?
Get a discount when you pay with cash?
Do your receipts and or equipment show cash price and credit price?
Everyone needs to check and see if you need to update your equipment, program, and signage before April 15th; all processors are ready.
Do you need new technology? Are you ready to make a change?

Today technology is the driver that makes our lives easier, helps us run our businesses, and more!