What Are Processing Fees? A Comprehensive Guide Understanding processing fees is crucial for businesses that accept card payments—as these fees have a direct impact on your bottom line. This in-depth guide aims to provide business owners with a thorough...
What is a Merchant Services Provider? A merchant service provider (MSP) offers the hardware, software, and infrastructure that businesses need to accept credit cards, debit cards, and electronic payment transactions. They also store payment information, keep...
What is a Payment Service Provider (PSP)? If you’re reading this right now, there’s a good chance you’re evaluating payment services and payment processing solutions for your business. Understanding key terms in the credit card processing space is crucial, and...
How Much Does Square Credit Card Processing Cost? Square credit card processing starts at 2.6% + $0.10 per transaction for most businesses. But the exact price you’ll pay to use Square depends on a wide range of factors, including the transaction environment,...
How Do You Avoid Merchant Fees? Whether you’re selling products or services, expenses are simply a natural part of doing business. But the cost of merchant fees can add up quickly—sometimes exceeding 3% or even 4% of your gross sales. Rather than simply accepting...
What is EMV Fallback? Fees Explained EMV fallback occurs when an EMV chip card is used on a chip-capable terminal, but the transaction doesn’t process with the chip. Instead, it “falls back” to an alternative processing method. As of right now, EMV cards and chip...
Point of sale (POS) software facilitates transactions for your small business. Modern POS systems have replaced clunky cash registers and hand-written receipts. Choosing the right POS solution for your business will dramatically improve the customer experience...
"Do I really need to be EMV Compliant" is a question we tend to receive almost daily." The point of this blog is to understand what it means to be EMV Compliant and discuss whether it's essential for merchants to accept chip cards. We will also touch base on some...
