Will Your Company Start Charging Customers Who Pay With Credit Cards?

A recent AR O2C study, Benchmarking: Cash Application Practices and Metrics, found that the average company received 12 percent of its payments via credit cards. Companies may soon decide to start charging more to customers who pay by credit card, thanks to a $7 billion settlement reached between a retailer group and the two largest credit card companies. On July 13, 2012, Visa and MasterCard agreed to pay $7.25 billion to a number of merchants that filed a lawsuit against the card…