Introduction
Surcharges are additional fees applied to transactions to cover specific costs or comply with regulatory requirements. In the case of the Australian market, surcharges may be necessary to account for factors such as GST (Goods and Services Tax) or other regulatory obligations. By implementing surcharges, businesses can ensure transparency and fairness in pricing while also remaining compliant with relevant laws and regulations.
In response to evolving market demands and regulatory requirements, our company has recently implemented surcharges for the Australian market. These surcharges are designed to ensure compliance and cover additional costs associated with conducting business in Australia.
- This article will show you different types of surcharges possible to create in Perfect Gym
- This article will be useful for PG Champion, Finance team, System administrators
Before you start
This article provides a brief overview of the implementation process and how you can effectively integrate surcharges into your club's operations. To enable these surcharges for your business, contact the Technical Support team to enable the setting: PosWeb.CreditCard.SurchargeConfiguration and provide the values for each option.
Feature description
Our surcharge solution offers clients the flexibility to customize fees based on the credit card option selected by customers. Whether it's a flat fee or a percentage-based fee, businesses have the freedom to choose the surcharge model that aligns with their pricing strategy and cost recovery goals.
Flat Fee Option: With the flat fee option, businesses can set a fixed amount to be applied as a surcharge for transactions made using credit cards. This approach provides simplicity and predictability, making it easy for customers to understand the additional cost associated with their preferred payment method.
Percentage Fee Option: There's also the possibility to create a percentage-based fee, where the surcharge is calculated as a percentage of the transaction amount. This model offers scalability, allowing businesses to adjust the surcharge proportionally to the transaction value. It's an ideal choice for businesses looking to align surcharge costs with transaction amounts.