Dealing with Credit Card Processing Companies, Lowering Credit Card Processing Fees, Reducing Merchant Services Fees
Is it Legal to Charge a Minimum For Credit and Debit Card Purchases? Many businesses wonder if they can legally impose minimum purchase amounts on customers paying with credit or debit cards. The short answer—yes, and no. If certain conditions are met, the federal...
Credit Card Fraud Statistics (2024) The widespread acceptance of credit and debit cards has changed how we process payments. Cash represents just 20% of all in-person transactions, meaning plastic and digital wallets have penetrated far and beyond the ecommerce...
How Do Card On File Transactions Work? In today’s modern world, businesses are constantly looking for ways to improve the customer experience. Streamlining the checkout process is just one example of this—and card-on-file transactions help make this possible. The...
Payment Processing Industry News - October 2023 Beyond helping companies save money on credit card processing, our team here at Merchant Cost Consulting is constantly keeping our eye on all the latest news, updates, new fees, rate increases, partnerships, industry...
PIN vs Signature Debit (Interchange Rates Compared) - 2023 All debit card transactions are not created equally, and some debit transactions are more expensive than others. The way you process debit card sales will has a direct impact on your overall transaction...
Who Pays For Credit Card Fraud? More than 65% of all credit card holders have fallen victim to fraud at one point in their lives. Credit card fraud in the US resulted in roughly $5.72 billion in losses last year alone. The rate at which credit card fraud has grown...
Top 11 Hidden Fees in Payment Processing Credit card processing fees are simply part of doing business in the modern era. If you want to provide your customers with a smooth and convenient way to pay for goods or services, then you’re going to pay processing fees...
Guide to Manually Keyed Transactions Credit Card Processing All credit card processing transactions are not created equally. The way a card gets processed can impact your credit card processing rates as well as your liability. For example, let’s say a customer has...
Beginner’s Guide to Credit Card Surcharging Surcharging has been a hot topic lately for consumers and merchants alike. Some small business owners implement a surcharge to save money on credit card processing. What is a surcharge? In short, it’s an extra fee added...
Credit Card Assessment Fees Explained Credit card merchant fees are always changing. As a business, it’s important to understand how all credit card merchant fees work, and which processing fees are negotiable. Understanding credit card merchant assessment fees is...
