Convenience Fee

A Convenience Fee is a charge that merchants impose for the benefit of providing an alternative method of payment or service that deviates from the standard practices of the business.

This fee may apply when payments are made through non-traditional channels such as over the phone, online, or via a mobile application. Convenience fees can be structured as flat rates or percentages of the total transaction amount.

It is essential to note that convenience fees must adhere to regulations stipulated by card networks, as well as local and federal laws, and should be clearly disclosed to customers prior to the completion of a payment transaction.