October 5, 2023Interchange plus pricing is commonly used by credit card processors to determine the per-transaction rates paid by merchants. But it’s…
September 19, 2023On the surface, the difference between “card-present” transactions and “card-not-present” transactions may seem obvious—the card was either present when the…
September 18, 2023ACH return codes identify why the bank or ACH operator returned an ACH payment. Every ACH code begins with the…
September 17, 2023In addition to helping businesses save money on credit card processing, the Merchant Cost Consulting team is always keeping a…
September 16, 2023Text payments have been gaining traction for quite some time now. But the trend has skyrocketed in the past few…
September 15, 2023I’ve recently encountered many business owners facing the same problem—they don’t know how to accept credit card payments over the…
September 13, 2023No business wants to issue a refund. This event means that something went wrong with a customer. Unfortunately, refunds are…
September 12, 2023Many terms in the credit card processing industry are fairly obvious. Others aren’t so clear. “Merchant ID” tends to fall…
September 11, 2023Credit card processing fees are a pain for merchants. Merchant fees cost businesses more than $100 billion per year—and that’s…
September 7, 2023Paya is a US-based payment processor that offers integrated payment solutions for businesses. Here are the latest rate increases and…
