GeishaGrace
Tue Sep 03 2024
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6 answers
1388
Is it illegal to pass processing fees on to a client?
As a financial professional, I often encounter situations where clients are charged processing fees for transactions. So, I must ask, is it truly illegal to pass these fees on to a client? Surely, there must be some regulations or laws that govern such practices, but are they strictly enforced? I'm curious to know if there are any gray areas or exceptions to be aware of. Clarifying this matter would greatly benefit my clients and ensure that I'm adhering to all relevant legal guidelines.
Martina
Fri Aug 30 2024
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7 answers
1082
Can I pass on credit card fees to customers?
Can I, as a business owner, legally pass on credit card fees to my customers? I understand that credit card processing fees can be a significant cost for merchants, and I'm wondering if it's permissible to include these fees in the total cost of a purchase for my customers. Is there any regulation or guideline that I should be aware of before implementing such a policy? Additionally, how might this affect my customer relationships and overall business reputation?
