Different Credit Card Merchant Fees, How To Lower Credit Card Merchant Fees, Defend Against Merchant Processing Services
Merchant Acquirer Fees Explained Keeping track of all the moving parts associated with credit card processing can be challenging. There are so many different parties involved with every transaction, and each one needs to get paid. One of the most important entities...
How Recurring Payments Affect Credit Card Processing Rates Setting up recurring payments has become a popular and profitable way for businesses across multiple industries to generate ongoing revenue. Recurring payments are often seen as a win-win for merchants and...
What is a Qualified Processing Rate? Qualified processing rates refer to the merchant fees that a business pays for a specific type of credit card processing, known as tiered or bundled pricing. Depending on the merchant account agreement and fee structure, the...
What is the Cheapest Way to Accept Credit Card Payments? Accepting card payments can be costly for many businesses. With average credit card processing fees ranging from 1.70% to 2.50% per transaction, card payments can take tens or even hundreds of thousands from...
Everything You Need to Know About Liquidated Damages in Payment Processing The term “liquidated damages” is something a merchant never wants to see or hear. Generally speaking, there are two instances where liquidated damages come into play—when you’re signing a...
Chase Payment Solutions Rate Increases, Fees, and Updates for Chase Merchant Services (2024) Chase Payment solutions regularly releases process changes and updates related to potential financial impacts for its clients. At Merchant Cost Consulting, we keep a close...
The Complete Guide to PCI Compliance Fees (2023) Is a PCI compliance fee another fake fee on your statement or is this a legitimate charge? Answering that question is complicated. But truthfully, it depends. Some credit card processors do not charge a PCI fee at...
Early Termination Fees in Payment Processing Explained If you try to close a merchant account, you might be surprised to learn that you owe an early termination fee. This is a common cancellation fee in merchant agreement contracts, yet so many business owners...
Vanco Interchange Rates (Processing Fee Increases & Updates) 2024 Like all payment processors, Vanco Payments regularly makes changes to its fees and rates. Our team keeps a close eye on these updates to keep our readers informed. Here’s a summary of the...
Credit Authorization Codes For Payment Processing (Ultimate Guide) Authorization codes are a crucial component of credit card processing. Authorization codes help to verify important information about the transaction data, like whether the cardholder has...
