Surcharges on Credit Cards 2023

In a small but growing number, to the horror of many card advocates, some suppliers are charging a surcharge if their customers want to use a card to pay. This is sometimes referred to as Merchant Surcharge fee or checkout fee. This is happening both in the consumer space and in the B2B world as well. Industry expert Lynn Larson is here today to help sort out fact from fiction in the surcharge space, as well as what you can do and CANNOT do in this regard. Make sure you stick around until the end when Lynn addresses what to do if you think a supplier is charging a surcharge and they shouldn’t be. #surcharges #creditcardsurcharges #pcardsurcharges

Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For many organizations, the review of expense reports and the requests for reimbursement of expenses, is handled in accounts payable. For the accounts payable process to work well, best practices for AP should be used. By their very nature, accounts payable best practices incorporate strong internal controls and avoid AP control weaknesses.

Link to P-cards: An Accountants Guide to The Many Different Types

Link to AP Now’s Invoice Series
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Host: Mary Schaeffer (www.ap-now.com)
Guest: Lynn Larson (recharged-education.com)