Credit Card Surcharge
Options
Yazi
Registered Posts: 225 Dedicated contributor 🦉
Hello.
As a company we have just decided to charge a surcharge for customers paying by credit card. If we pay 2.17% can we charge more than this say 2.5%?
Never dealt with this scenario before and wondered does anyone know how to treat this as regards to Vat?
It is exempt on the invoice received from the card company so will be exempt when charging the customer I guess.
Card company charges the 2.17% on the gross totals, so do I work the percentage when charging the customer on the gross invoice total?
Thanks in advance.
As a company we have just decided to charge a surcharge for customers paying by credit card. If we pay 2.17% can we charge more than this say 2.5%?
Never dealt with this scenario before and wondered does anyone know how to treat this as regards to Vat?
It is exempt on the invoice received from the card company so will be exempt when charging the customer I guess.
Card company charges the 2.17% on the gross totals, so do I work the percentage when charging the customer on the gross invoice total?
Thanks in advance.
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.4K For AAT students
- 267 NEW! Qualifications 2022
- 145 General Qualifications 2022 discussion
- 9 AAT Level 2 Certificate in Accounting
- 46 AAT Level 3 Diploma in Accounting
- 67 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 269 VAT
- 90 Software
- 271 Tax
- 133 Bookkeeping
- 7.1K General accounting discussion
- 195 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 578 Job postings
- 16 Who can benefit from AAT?
- 35 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership