A credit card surcharge is added on top of purchase to cover the merchant’s processing fees. The merchant says, “Credit card transactions come with a $0.35 extra charge.” What’s that all about? This is called a credit card surcharge. Though it’s annoying, there’s a reason merchants add it: to cover their costs. For the merchant, this processing fee can make it difficult to turn a profit.Learning ObjectivesDistinguishing between credit surcharges and convenience feesKnowing what amounts a business can chargeIdentify when and where credit surcharges are allowedUnderstanding the required process to follow prior to implementing credit surchargesReviewing disclosure requirementsSummarizing the reporting processContrasting debit and credit card transactionsCourse Level - Intermediate/BasicWho Should Attend AccountantsAccounting and Reporting, Finance and Treasury ManagersCFO’sCompany ExecutivesSmall business ownersManufacturers and Distributors Credit Department managersAnyone involved in credit card sales and purchasesAnyone involved in the IFRS and SOX compliance processWhy Should AttendIf you are a merchant who depends on credit sales to survive, you will want to know the rules around credit card surcharging. Even if you feel you want to absorb the cist every month, your competitor may be charging them and be more profitable than your business.You will need to understand the do’s and don’ts of this somewhat mysterious side of the credit business. Although large retailers usually choose not to charge these, smaller retailers need all the help they can get these days just to survive. So, if you are a small or medium-sized player, it is critical for you to know when, how, and where to apply these credit surcharges.