Switching credit card processing companies can be a nightmare for many different reasons. Some of the main reasons people look to switch credit card processing companies are because of issues with pricing, equipment, customer service, or reporting. Below are some...
Credit card surcharging is allowed when it comes to passing along the credit card merchant fees to a business’ customers. Firms are allowed to impose credit card merchant surcharges on credit card purchases made on Visa and MasterCard under a court settlement that...
Most businesses are aware how complex credit card merchant fees can be. Other than the credit card transaction fees a business incurs, there is also the Discount Rate which co exists with them. The discount rate is simply the profit over the interchange rates a...
The biggest headache businesses incur when it comes to accepting credit cards are the credit card merchant fees they pay every single month. Whether your a mom and pop shop or a fortune 500 company, credit card merchant fees are due at the end of every month, and...
What is a credit card merchant fee audit? How does a business know if a credit card processing company is really offering the lower credit card merchant fees it is promising? In the Payment’s industry, a credit card processing company’s main goal is to allow a...
Credit Card Merchant Contracts and What To Be Aware Of I know it goes without sayings, and a lot of you may roll your eyes at this next statement, but ALWAYS READ YOUR MERCHANT SERVICE CONTRACTS when it comes to picking a new credit card processing company or...
Within credit card processing, there are 6 different pricing structures out there, most of which are deceptive pricing traps and what we call teaser rates. More about the different pricing structures here. There is one credit card processing pricing structure I do...
How To Lower Credit Card Merchant Fees (Visa, MasterCard, Discover) Credit card merchant fees are daunting, confusing, and obnoxious to say the least. Identifying which credit card processing fees are mandatory vs a mark up cost can be difficult, and finding the...
Credit card merchant quotes can be very deceiving as a lot of quotes out there are "Teaser" rates. They rope you in with what looks to be great pricing, little to a business's knowledge that the pricing is terrible and you end up paying 3.5% in credit card merchant...
There first step to lowering your credit card merchant fees is to understand how the credit card processing ecosystem works, the players in the credit card processing industry, and understanding which part of the ecosystem you can approach to lower your credit card...
