Processing fees

[dandsautoandtruck]

New regulations in New York concerning credit card fees. We now have to show both totals on the invoice. One with fees included and the other without, calling it a "cash discount". Up to now we have included a disclaimer on the invoice advising about the fees but this is now illegal. Any tips on how to set this up in Manager SE appreciated.
D&S Auto

[Silky7]

Hi D&S,

According the documentation I've found (https://www.governor.ny.gov/news/govern ... ect-sunday and https://dos.ny.gov/system/files/documen ... -guide.pdf) you do not need to provide two totals. What you DO have to do is ensure any credit card fees are added from the start, then you are allowed to do a cash discount.

From https://www.governor.ny.gov/news/govern ... ect-sunday :

Requiring businesses to post before checkout:

the total price of an item or service inclusive of the credit card surcharge; or
a two-tiered pricing option, which requires the credit card price to be posted alongside the cash price.

This seems far simpler than trying to present two different estimates/invoices.

Alternatively, you might consider baking the 4% into your business - part markup/labor, etc. Then you can stop adding any additional fees.

[dandsautoandtruck]

Thanks for the reply. We have considered that as an option but there is the possibility of generating an additional fee when you run the card. Our CC system adds the fee to the transaction when it is processed through the machine.
D&S