Common use of Surcharging Clause in Contracts

Surcharging. If you choose to surcharge for Transactions, it is your responsibility to ensure your surcharges are not excessive. You should review and as appropriate, adjust your rates of surcharge regularly, but at least every year. To assist you, we provide details of your average cost of acceptance for each Card Scheme in your merchant statements. You will also receive an annual merchant statement in July each year. • If you choose to surcharge, you must also: Clearly and prominently display the surcharge before processing a Transaction so as to allow a Cardholder to choose another payment method if they desire; and • Refund any surcharge when refunding a Transaction (this may require pro-rating the refund of a surcharge for partially refunded Tranactions). There may be regulatory consequences for excessive surcharging. For more information visit the Payments Surcharges page at ▇▇▇▇.▇▇▇.▇▇.