We address all technical and compliance challenges of the surcharging process.
A client initiates a communication to the Monex API. Card processing costs are evaluated in real-time, determining eligibility and scope of levies, and returns the appropriate cardholder percentage.
Monex API solution can assist clients to recuperate $1.1million in transaction processing costs, based on an annual cardholder payment throughput of $500million.
In jurisdictions where specific local laws prevail, the Monex service includes an initial compliance review and ongoing legislation monitoring, with adjustments to the charging mechanism and system logic if required.
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