There are 5 essential steps you want to take to lower your credit card merchant fees. Step One: Ensure a credit card processing rate increase has not occurred Sounds simple, but the rates and fees can be so complex. Review your original contract or review...
Yes, negotiating credit card merchant fees with your current processor is a real thing. Just like negotiating other contracts with vendors, credit card processing companies are no different. Credit card merchant fees are listed on the statement that is sent to the...
It's already known that merchant service companies make a profit by adding a service markup to the rates and fees they charge businesses to accept credit cards. What at times seems to be the 8th wonder of the world, is what exactly is that markup cost? To lower...
Most processing companies suggest they can save a business money. The difference is they are baiting you to switch to a new provider to obtain minimal savings instead of staying with the provider a business already has. Why should a business seek merchant account...
Every credit card and debit card that is circulating in the world have an Interchange Rate associated with it. Each rate is different, pending on the type of card. Example, Business cards, rewards cards, government cards, purchasing cards, debit cards, etc.....
Overview: There are numerous deceptive sales and reporting tactics credit card processing companies purposely misplace, hide, or perceive in a different way to confuse a merchant. It can be frustrating for a business, especially when you have trust in a bank or...
Most businesses do not understand what a cost reduction firm actually is, especially within merchant services. A lot of credit card processing companies disguises themselves as a cost reduction firm, detailing they can lower your credit card processing fees BUT you...
Before you lock yourself into another 4 year contract or the wrong pricing structure, you must first understand how credit card processing works, which fees are negotiable, and learn the pros and cons of the numerous pricing structures that are in the merchant...
E-commerce credit card processing shouldn’t be such a complex aspect of the business. E-commerce businesses tend to have an integrated system when it comes to the processor, gateway and bank making it difficult to switch processing companies. Not only that, it is...
A few things every business needs to note when trying to lower their credit card merchant fees is that there are multiple pricing structures, and you need to be careful that you are not on the wrong one. The most common pricing structures we see within credit card...
