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#653028 - 12/15/06 08:23 PM Fee for stopping recurring deb card trans
ahou Offline
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ahou
Joined: Aug 2002
Posts: 3,094
Visa has a program to stop recurring debit card transactions. Our processor will be using this service (charging us a fee) We want to pass the stop pay fee to our customers. I can find nothing in the regs to prevent us from charging a fee. Is this correct? (just checking to be sure)
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eBanking / Technology
#653042 - 12/15/06 08:31 PM Re: Fee for stopping recurring deb card trans ahou
Skittles Offline
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Skittles
Joined: Sep 2002
Posts: 13,963
TN
I believe you can, but it needs to be disclosed. For current customers it would be required to be disclosed at least 21 days prior to implementation.
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#653309 - 12/15/06 11:27 PM Re: Fee for stopping recurring deb card trans ahou
NeverEndingSupport Offline
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Joined: Jan 2004
Posts: 207
Alaska
We applied our check stop payment fee to a one-time ACH stop payment. We also have a different stop payment fee that we applied when customer want to stop a series of checks. We plan on applying the stop payment series fee to the recurring ACH stop payments.

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