Important: If your cash discount/upcharge is set 5% or over, MicroSale resets it to 0 This change helps protect the merchant from VISA/Mastercard compliancy issues. Dual Pricing (or “true cash discounts” cannot exceed menu price increases over 5%) **Cash Discount/Surcharge cannot exceed over 3%
[MicroSale Version 10.1300 Enhancement]
Stay ahead of the curve and ensure your restaurant remains compliant with the new Visa surcharge rules.
To ensure compliance with VISA/Mastercard regulations and protect both merchants and processors, MicroSale will now automatically reset any cash discount or menu upcharge pricing that exceeds 5% back to zero. This change aims to prevent any potential compliance issues and maintain a secure payment environment. Please be aware that Dual Pricing or "true cash discounts" cannot exceed a 5% increase over menu prices. Additionally, Cash Discount/Surcharge cannot exceed 3%. We hope this adjustment will provide you with a simpler and safer pricing experience.
Why this change was made: Visa has recently announced a key change to their surcharge rules that will take effect on April 15, 2023. The maximum amount for a credit card surcharge will be lowered from 4% to 3%.
- Dual Pricing (or “true cash discounts” cannot exceed menu price increases over 5%)
- Cash Discount/Surcharge cannot exceed over 3%