Blog

Merchant Services and Credit Card Processing

PIN Debit Networks

Nov 17, 2023

PIN Debit Networks - The Ultimate Guide When accepting debit cards, especially PIN-based debit cards, there's always more than meets the eye. It's more than just your credit card processing discount rate or per transaction fee that come into play. Peeling back the...

Is it Legal to Charge a Minimum For Credit and Debit Card Purchases?

Nov 13, 2023

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...

How Do Card On File Transactions Work?

Oct 27, 2023

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

Oct 26, 2023

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)

Oct 24, 2023

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 fees....

Who Pays for Credit Card Fraud?

Oct 23, 2023

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 in...

Top 11 Hidden Fees in Payment Processing

Oct 20, 2023

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 to...

Guide to Manually Keyed Transactions Credit Card Processing

Oct 19, 2023

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 a...

Beginner’s Guide to Credit Card Surcharging

Oct 18, 2023

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 to a...

Credit Card Assessment Fees Explained

Oct 17, 2023

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...