Dealing with Credit Card Processing Companies, Lowering Credit Card Processing Fees, Reducing Merchant Services Fees
Average Credit Card Processing Fees (2024) "What are the average credit card processing fees I should be paying?" This is the most common question we tend to get asked at Merchant Cost Consulting when merchants are trying to lower their credit card processing fees....
Venmo Fees and PayPal Fees (2024) Venmo and PayPal are two popular platforms for both merchants and individuals. Each offers mobile payment system, making it easy to send money from anywhere. Whether you’re using Venmo or PayPal payments for personal use or for...
How to Lower Credit Card Processing Fees (2024) Accepting credit cards is a must for every business in the modern era. But payment processing fees can add up quickly—and most companies are paying more than they should be to accept credit cards. That’s why we...
How to Become PCI Compliant (and Maintain PCI DSS Compliance) PCI DSS compliance—or PCI compliance for short—refers to a set of payment security standards that merchants must follow when accepting card payments, transmitting sensitive information, and storing...
12 Requirements of PCI DSS Compliance To become PCI compliant, you must follow the requirements set forth by the Payment Card Industry Data Security Standards Council—an independent organization that was created by the card networks to help manage and improve...
Payment Processing Best Practices Accepting credit card payments has become a normal part of business operations for companies large and small worldwide. But not every business processes payments in an optimal way—which can lead to higher processing fees,...
What is Payment Processing and How Does it Work? The term “payment processing” is something that sounds relatively straightforward. Yet there are so many nuances and components that happen behind the scenes for payment processing to work. Payment processing makes...
ACH vs. Wire Transfer: What's the Difference? In addition to credit card processing, cash, and checks, there are other ways of getting paid. Two alternative methods include ACH payments and wire transfers. If your business sells large ticket items, such as...
What to Know About Switching Merchant Services Every business wants to save money on credit card processing. So if you feel like you’re paying high rates and there’s room to cut costs, switching merchant services providers may sound like a viable option. However,...
Credit Card Networks Explained: How Credit Card Networks Work in 2024 Credit card networks help power the global economy. Millions of credit card transactions are processed every day—all of which would be impossible without the card networks. From small businesses...
