How RECOUP Works
Our technology integrates directly with your shopping cart. When a customer pays with their card our system springs into action and in nano seconds determines whether the card is eligible for a surcharge. If the card is eligible our system calculates the appropriate fee and passes it on to the consumer, if the card is not eligible no fee is added to the transaction.
Q: How does the system determine eligibility?
Our algorithm reads the first six to eight digits of the credit card. If the card being used is within compliance guidelines the system calculates the appropriate surcharge.
Q: How does the system calculate the surcharge?
Our proprietary method calculates a Merchant's cost to accept credit cards based on card brand operating rules, our algorithm automates those rules to pass on eligible credit card processing costs with each elegible transaction.
Q: Are there restrictions to surcharging?
Yes, Merchants in states where surcharging is banned may not surcharge consumers. Merchant's may not pass on more than the cost of the average of some processing fees not all processing fees are eligible for surcharging. Merchants may not surcharge debit or prepaid cards and are restricted from surcharging if all card products are not surcharged equally.
Keep Your Customers and Surcharge Too
Merchants are no longer forced to choose between the credit cards they accept and charging customers higher prices.
Keep customers coming back by educating them about surcharging, the affect credit card fees have on business, and why fees are being passed on.
Manage your own messaging
Matched to your brand
Put a little more SCRATCHTM in your pocket.
SCRATCHTM is proprietary platform that is designed and developed to help businesses increase revenue and keep what they earn.
Predictive SurchargingTM and SCRATCHTM are trademarks of SCRATCH Software Inc. Est. 121818 © 2019 All Rights Reserved