Well now we’re heard it all. A prospective client told us that their existing provider informed them that all merchants accepting credit cards were subject to a “government mandated a $45 fee”. THIS IS ABSOLUTELY FALSE. The government does not regulate or impose fees on merchants who accept credit cards, so clearly this unscrupulous processor was trying to pass off a fee for themselves as a “government imposed” fee. Unfortunately, this is not the first time that we’ve heard a processor use the government or PCI (Payment Card Industry) compliance as an excuse to charge a fee to their merchants. So, when your processor tells you that special or one time fees are mandated by some outside organization or the government, that’s your cue to find another provider.
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