One of the most important issues for any business is how that business gets paid for the products, services, etc. it provides. One of the most common methods for customers, clients, or patients to pay is via credit card. The question is, who pays the credit card processing fees?
Credit card fees are often paid by the business rather than the customer, which ultimately serves to reduce the money actually retained by the business as a result of the sale or service. However, it is possible for businesses to charge its customers a convenience fee for processing credit card payments. The credit card fees are passed on to the card holder/customer rather than paid by the business. Essentially, this results in there being two prices for the same service, one for cash/check and another for credit cards. Charging customers a convenience fee in order to pass the credit card processing fees along is perfectly legal, acceptable, and becoming more common.
In businesses such as a dental practice, owners should check provider agreements to ensure that they are not under any contractual obligation not to pass this type of expense on to patients. If you would like assistance with a contract review or have questions, please contact the attorneys at Thomas Law Group.