Payment Processing
At Thrive POS, we understand that efficient and secure payment processing is crucial for the success of your restaurant. Our ThrivePay payment solution is designed to ensure your transactions are fast, secure, and reliable. With Thrive POS, you can focus on what you do best—serving delicious food and creating memorable dining experiences—while we take care of your payment processing needs.
CREDIT SURCHARGE PROGRAM
At ThrivePay, we understand the financial pressures that businesses face, especially when it comes to managing processing fees. These fees can quickly add up, impacting your bottom line. That's why we specialize in assisting companies like yours to efficiently and legally set up a surcharge program. Our expert team is here to guide you through every step, ensuring that you can seamlessly pass on your processing fees to your customers without any hassle. By leveraging our in-depth knowledge and experience, you'll not only safeguard your profits but also maintain compliance with all relevant regulations. Let us help you navigate this process, making it straightforward and stress-free. |
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The surcharge cannot exceed 3% of the transaction amount or the cost of accepting the card, whichever is lower. Please check your local laws and card brand guidelines for specific regulations.
As part of the onboarding process you must communicate to Thrive POS in writing that you would like to implement a surcharge program. Visa, MasterCard and Discover require a 30 day notification before implementation - Thrive POS will provide notification to the aforementioned card brands on your behalf. If you accept other credit cards, please check their requirements and notify them accordingly.
You must display clear signage at the point of entry, point of sale, and on receipts to inform customers about the surcharge. Sample signage is provided with the program.