SurchX Brings Fully Compliant Surcharging to Magento Merchants

SurchX gets every dollar allowed while keeping you in compliance. This can increase your net
margin by 30%. Overnight. For free.

Phoenix, AZ, October 14, 2019 --(PR.com)-- SurchX, an ISV that offers a compliant dynamic
surcharging solution for card-not-present (CNP) transactions, announces that its SaaS integrated
extension is now available for both Magento Commerce 1 and 2 users. Using SurchX, Magento
card-not-present merchants can now easily and securely recover credit card processing fees by enabling a
transaction fee at checkout. Current SurchX customers are already seeing significant returns.

SurchX's Certified Magento extension is the only extension in Magento's Extension Quality Program
(EQP) that integrates with SurchX's SaaS Dynamic Surcharging Solution.

Customer testimonial: “In the nascent and complex world of surcharging, SurchX has proven to be an
educational and profitable partner. They've proven to be experts on compliance, diligent on their
commitments and adept on matters of technology. Through using SurchX we continue to bolster our
bottom line with no impact to our conversion rates. We wholeheartedly recommend both the SurchX
solution as well as their proficient customer service.” -- Magento customer.

A case study from this Magento customer can be seen here:

https://www.surchx.com/surcharging-high-ticket-items/.

SurchX accurately calculates the surcharge based on card type and jurisdiction. During checkout, SurchX
instantly identifies the payment card in use, what the resulting fee for that card will be to the merchant,
and how much the merchant can legally recoup by passing that total on to the customer. The fee is then
added to the customer's total purchase price as an additional line item labeled “Transaction Fee” in real
time.

With climbing credit card processing fees averaging over 3% per transaction and an increasing number of
credit card options for consumers, card-not-present merchants are often forced to choose between staying
competitive and raising prices to cover the costs of processing credit cards. The SurchX EQP Certified
extension for Magento returns control to U.S. ecommerce merchants, enabling them to lower their cost
per transaction without impacting conversion rates, sacrificing service, or falling out of compliance and
risking hefty fines.

For businesses with tight margins, savings from SurchX can return as much as 30% of a merchant's net
margin back to their bottom line. Prior to SurchX, there was no way for companies to recover losses from
credit card processing fees and be assured of compliance with the 60-plus jurisdictions that govern
surcharging in the United States.

“Our promise is to take the compliance risk out of surcharging,” said Robert Maynard, founder of
SurchX. “Our positive reception from enterprise and mid-market merchants combined with Magento's

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community makes this a natural integration environment for us. We're proud to bring the power of
SurchX to Magento users, helping them turn customer interactions into opportunities to improve
margins.”

Magento customers and their Software Integration Partners can download and install the SurchX
extension from the Magento Marketplace.

For more information about SurchX, visit: www.surchx.com

About SurchX
SurchX is changing the profit game for retailers in the United States. We get every dollar allowed while
keeping you in compliance. This can increase your net margin by 30%. Overnight. For free. Powered by
proprietary technology, the company's free surcharging software uses a sophisticated algorithm to
empower merchants to recover losses from interchange fees and boost their bottom lines. SurchX
identifies card type and jurisdiction rules and then calculates the associated fees. With this information,
SurchX seamlessly adds the transaction cost to the customer's invoice in a fraction of a second. No PCI
compliance is necessary, and legal compliance with state and federal regulations is guaranteed.

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Contact Information:
SurchX
Francine Hardaway
1-602-910-5622
Contact via Email
surchx.com

Online Version of Press Release:

You can read the online version of this press release at: https://www.pr.com/press-release/796800

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