We Work for You!
Quality customer service is our number one priority!
Dynamic Merchant Systems has nearly 10 years experience in the merchant services industry and currently services over 600 satifisfied clients. We promise to represent our client’s best interests at all times, providing fair and transparent pricing with full disclosure of rates and fees.
Clients and Agents representing DMS will be provided with a Bill of Rights and we will always strive to ask the right questions and listen to your needs.Read more
You're just one click away from being able to accept credit cards today!Contact Us
A consultative approach is our marketing strategy!
Are you concerned that your costs seem to be increased without any notice? Are you frustrated by lack of clear understandable information? Are you upset that you have no one to talk to about your concerns?
DMS is so much more than a credit card processing company. We offer strategic, customized solutions designed for your specific needs.Read more
Click below to login to your account, view reports and more!
5 February 2013
Check us out on Facebook!
'Like' our page to win free gift cards from MasterCard, American Express and your favorite local retailers!
6 February 2013
Surcharge Law causes confusion with Retailers.
As of January 27, 2013 merchants are allowed to surcharge customers up to 4% for Credit Card transactions. There are many rules that apply to this new law.
First, the states listed below are prohibited from surcharging:
Merchants not prohibited by their states’ laws who want to surcharge must provide 30 days notice to the credit card companies. For Visa, merchants may do so by clicking here.
For MasterCard, merchants should use this link to send an email that includes the following information:
Merchant Contact Information (address, phone and email)
Number of Locations Surcharging
Type of Channel (face-to-face, eCommerce, mail order or phone order)
Type of Surcharge (brand or product)
Other rules that apply to the new surcharge laws are:
The MAXIMUM Surcharge Amount can be 4%, however the surcharge must be in-line with your Discount Rate, i.e. effective rate of your cards you currently take.
Merchants must disclose at the Point of Entry to the store that they surcharge.
Merchants must disclose at the Point of Sale (checkout) that they surcharge.
Merchants must disclose the dollar amount surcharged on every receipt. Note: No currently available POS equipment or software supports the surcharging notice on receipts.
(Examples of surcharging disclosures are available here.
Merchants MAY NOT surcharge any debit cards. Surcharging is for Credit Cards only.
Merchants who surcharge may still be liable for fines if they mistakenly surcharge a debit card.
American Express has a rule that says all forms of electronic payment types must be treated equally, so in surcharging an Amex transaction, they would also need to surcharge debit and credit Visa/MC transactions. Debit is prohibited from being surcharged, therefore, Amex Rules would likely prohibit surcharging Amex sales as a result of the unequal surcharging across all electronic payment types.
For more information, visit www.mastercard.us/merchants/support/surcharge-rules.html and www.visa.com/merchantsurcharging . Or you can always contact Dynamic Mechant Systems, and we’ll be glad to answer your questions.