PaymentsSource Interviews CardX CEO: “Pandemic’s timing could push more merchants to start surcharging”
“Ultimately, Chicago-based CardX, a payments technology company that helps merchants add surcharging at the point of sale and comply with federal regulations, is prepared to provide the needed education for merchants who may see interchange go up for card-not-present and rewards cards next month, in addition to a jolt to revenue from coronavirus shutdowns.
‘A lot of merchants will be looking at the potential savings of surcharging, and it should actually accelerate the move for surcharging becoming part of the market norm,’ CardX CEO Jonathan Razi said.
‘In the meantime, there is no question that volume is going to further shift online and card-not-present in the wake of coronavirus,’ Razi added.”