New Jersey Surcharging Analysis



As this simple New Jersey Surcharging Analysis shows even small businesses can save thousands of dollars each year in credit card processing fees. Over forty states now allow surcharging, which is also known as "zero cost credit card processing" and "zero fee credit card processing". New Jersey, California, Nevada, Pennsylvania, Rhode Island and Florida are just a few of the states that allow merchants to pass on the credit card processing fees to their customers. We advise businesses on how to properly use a surcharging program so they are within state guidelines as well as the rule established by the major credit card brands.

Some business sectors that surcharging seems to fit well with include automotive services, body shops, auto repair shops, dry cleaners, dental practices, veterinarian clinics, animal hospitals, pet care stores, liquor stores and wine stores.

New Jersey Surcharging Analysis Breakdown

The Business Nets $100 on a $100 Sale.

The Business Saves Thousands of Dollars a Year.

Cost Savings Example: A Business paying $800.00 each month in credit card processing fees would only pay $60.00 plus fees for accepting debit cards, saving about $700 monthly and over $8,000 yearly.

While the business is passing the credit card processing fees onto the customer pro rata based on the amount of their purchase, there are some monthly fees the business will be required to pay, which are set forth below

  • Standard Monthly Fees:                                                                                            Monthly Statement Fee      $10.00                                                                              PCI Compliance Fee             15.00                                                                              Credit Card Terminal          35.00                                                                                      Total                            $60.00

We only use approved software and advise our clients on the proper notices and procedures they must follow, most of which is handled by our software. For instance, merchants cannot impose a surcharge on customers that pay using a debit card and our software and approved terminal distinguishes between the various card types so only credit cards are surcharged. If you would like us to review your last merchant processing statement and do a New Jersey surcharging analysis to estimate what your business will be saving, we are happy to oblige.

I hope this New Jersey surcharging analysis has explained how businesses can save significant amounts eliminating their credit card processing fees. If you should have any questions or feel that you would like to implement a surcharging business for your business, please feel free to reach out to me anytime. There are no multi-year lockup agreements and no early termination fees to worry about. You can try the program for a month or even two before you decide to cancel with your current processor.

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