Credit card surcharging has been a hot topic amongst pharmacies lately, and it's no surprise why. With record-high processing fees and razor-thin margins across the industry, pharmacy owners are turning to solutions that will reduce their costs of doing business - starting with recouping some of the monthly fees draining their bottom line.
An alternative solution to credit card surcharging is lowering your fees by switching to a processor who can offer you a better rate. If you're looking at options, check out RMSPay - we'd love to see how much we can save you each month!
If changing processors is out of the question for you right now, then surcharging could help to mitigate some of your cash flow concerns in the short term. It's important to note, though, that there's more to surcharging than adding a percentage or flat fee on every transaction paid for with a credit card. If you're looking to implement surcharging in your pharmacy, or you're already doing so, there are a few things you should be aware of regarding rules and regulations.
We're rewinding CLIMB to this quick 5-minute segment by RMS CEO, Brad Jones full of important surcharging information. Give it a watch below to make sure your pharmacy is in line with important processing compliance standards.
Want more content on surcharging? Let us know in the comments!
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