With the kind of market presence Square has, it can be a challenge to see past them to the other players in the payment processing game. For those looking to find the Best Mobile POS system for your small business, shopping around a little can give you options: like Moolah. Let’s look at where Moolah shines, when compared to the big boys Square.
Moolah allows you to leverage all of the major POS options, from mobile, tablet, and payment processing on your website. When it comes to comparing POS equipment, though, the ace up our sleeves is the relationship we have with Poynt, one of most beautiful pieces of equipment on the market for Point-of-Sale.
Looking at the Poynt terminal, you’ll be able to notice the difference immediately. Rather than the flipping and rotating of Square’s or Clover’s interface, Poynt sports two interfaces, meaning the interaction between you and your customer is quicker and cleaner. You’re also mobile, with Poynt’s ergonomic design allowing you to go to your customer with the terminal to complete the transaction.
Most importantly, Poynt’s terminal seeks to be all-inclusive, and compared to Square, it succeeds beautifully. What if you need to print receipts? If you’re using Square’s solution, you’ll need to buy the $300 accessory that sits on the desk, taking up space. Poynt’s fully-integrated thermal printer is impossible to notice, because it’s part of the unit. The Square terminal is actually designed to work with an iPad, which becomes another hidden start-up cost, if you don’t already have one. By comparison, thanks to the wonders of cooperation, Moolah’s partnership with Poynt allows you to get your very own terminal free of charge when you sign up with Moolah. What can be clearer?
To break in down clearly, Moolah offers a card present fee of 2.69% + $0.29, or $19.95 per month, whichever is greater. By comparison, Square offers 2.75% per swipe, dip or tap, which sounds pretty good until you also notice that they charge 2.9% + $0.30 for invoices and E-commerce payments, and 3.5% + $0.15 for keyed-in transactions. If you’re a vendor that depends on a variety of payments, and especially if you are in E-commerce, Moolah starts to look pretty good.
Even for those who anticipate swipes to be the main part of their card processing, once you factor in the elevated offering of Poynt’s all-inclusive terminal, Moolah’s solution continues to look good for businesses looking for the best mobile POS system. Moolah & Poynt: it’s one of those partnerships that give the best of both worlds, and pass those advantages on to you, the customer.
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A credit card surcharge is an additional fee added to a transaction when a patient chooses to pay with a credit card. The surcharge is intended to help offset the cost of credit card processing and applies only to eligible credit card transactions.
No. Debit card transactions may not be surcharged under any circumstances, even if the debit card is processed as a credit transaction or entered manually.
Yes. Credit card surcharges may not exceed the merchant’s actual cost of accepting credit cards and are capped at a maximum of 3% of the total transaction amount, in accordance with card-network rules and applicable law.
Yes. Card networks require clear and transparent disclosure of any credit card surcharge. Practices must notify patients through appropriate signage at the practice entrance, point of sale, and anywhere payments are accepted. If payments are accepted online, the surcharge must also be clearly disclosed on the practice’s website.
Yes. Some U.S. states and territories prohibit or restrict credit card surcharging. Practices are responsible for understanding and complying with their state’s specific requirements before implementing a surcharge.
No. While Moolah provides tools and general guidance to support credit card surcharging, compliance with all applicable laws and card-network rules is the responsibility of the merchant. Moolah does not provide legal advice and assumes no liability for a merchant’s compliance.
Most major credit card networks permit surcharging when done in accordance with their rules, but additional requirements or restrictions may apply. Practices should ensure they have completed all required network notifications and disclosures prior to enabling surcharging.
Failure to comply with surcharging rules may result in card-network fines, required refunds, or other enforcement actions. Practices should ensure they fully understand all applicable requirements before applying a surcharge.
Flex does not currently offer built-in support for credit card surcharging. If a practice chooses to enroll in a surcharge plan, payments would need to be processed through Moolah’s payment platform, which is designed to support surcharging and integrates directly with Open Dental.
If you are considering introducing a credit card surcharge for your patients, it is important to understand that there are specific rules and regulations that must be followed when enrolling in and operating under a surcharge plan.
This article provides a general overview of common surcharging requirements. This content is provided for informational purposes only and does not constitute legal advice. It is the responsibility of each merchant to review, understand, and comply with all applicable laws, card-network rules, and regulatory requirements, including notification timeframes, signage requirements, surcharge percentage limits, and jurisdictions where surcharging is prohibited.
If you are unsure about the laws or regulations applicable to your practice, you should consult with qualified legal counsel. Moolah assumes no liability for a merchant’s compliance or non-compliance with credit card surcharging rules or regulations.
Transparent Communication
Card networks, including Visa, Mastercard, Discover, and American Express, require merchants to clearly and transparently disclose when a credit card surcharge is applied.
Practices must clearly notify patients of a credit card surcharge through appropriate signage placed at the practice entrance, at the point of sale or terminal, and anywhere payments are accepted. If payments are accepted online, surcharge disclosures must also be clearly visible on the practice’s website. All disclosures must inform patients that the surcharge applies only to credit card transactions.
Surcharge Limits
Credit card surcharges must comply with both card-network rules and applicable law. The surcharge amount may not exceed the merchant’s actual cost of accepting credit cards and may not exceed 3% of the total transaction amount.
Card-network rules cap credit card surcharges at 3%, meaning that if a merchant’s processing costs exceed this amount, the excess portion cannot be passed on to the patient.
Network and State Restrictions
The major credit card networks, such as Visa and Mastercard, impose specific requirements related to surcharge limits, advance notification, and disclosure.
In addition, several U.S. states and territories regulate or prohibit credit card surcharging. At the time of writing, credit card surcharging is prohibited in Connecticut, Maine, Massachusetts, and Puerto Rico. Other states, including Colorado, Minnesota, Mississippi, New Jersey, and New York, impose restrictions on surcharge amounts or require specific disclosures.
If your practice operates in a state that restricts or prohibits credit card surcharging, you must fully understand and comply with those requirements before implementing a surcharge.
Debit card transactions may never be surcharged, even if the debit card is processed as a credit transaction.
Applicability
Credit card surcharges may be applied only to credit card transactions. Other payment types, including debit cards and alternative payment methods, are not eligible for surcharging.
Regulatory Compliance
Merchants are responsible for maintaining ongoing compliance with all applicable card-network and legal requirements. This includes meeting advance notification obligations, using compliant signage and disclosures, adhering to surcharge percentage limits, and respecting jurisdiction-specific restrictions.
By following these guidelines, dental practices can implement credit card surcharging in a way that aligns with card-network rules and promotes transparency with patients. Clear and upfront communication helps maintain patient trust and supports a positive payment experience.