VISA has revised and implemented new rules around “processing fees” that may be applied to credit-card transactions. Dealers who do not follow these new rules are subject to dismissal by VISA (and other credit-card companies). The basics of the new rules are the following:

These rules, as well as applicable signage, should have been provided to dealerships by their credit card processing partners. The NADA is hosting an informational webinar titled, The Truth about Credit Card Surcharging and CSL on Wednesday, July 12. Click here for more information.