If you are using TSYS, you will soon be using Global Payments. Watch out for hidden fees, downgrades, and surcharging due to the merger of these two companies! The financial-technology merger frenzy continued on Tuesday, as Global Payments Inc. officially...
Below are the three major components of credit card processing costs. They consist of assessments, markups or discount charges and interchange fees. Assessments - these are charges the card brands collect for each transaction. Depending on the card...
If you think that you are currently being over charged to accept credit cards.. you are probably right. The difficult thing about this is that if you look to switch from your current provider to another provider in order to save, you will continue to be over...
At the end of the day, there really is no significant difference between various credit card processing companies. All of these processing companies are essentially setup the exact same way, the higher the rates and fees the more money they are making. The...
Before implementing a surcharge on your customers it is very important to understand your customer base. As many business owners are recently finding out, while surcharging may seem like a good tactic at first, a large chunk of their customer base is no longer...
As of April, 2019 Visa and Mastercard have increased fees for processing transactions. Make sure to double check your processing statement for last month. A lot of the credit card processing companies try and use this as an excuse to increase their fees as well....
Merchant Cost Consulting’s mission is to help businesses lower credit card processing fees without a business changing merchant service companies. MCC alleviates hidden fees and pricing traps while exposing unethical and overpriced merchant processing companies....
