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Merchant Services and Credit Card Processing

Can You Pass Merchant Fees to Customers?

Sep 11, 2023

Can You Pass Merchant Fees to Customers? Credit card processing fees are a pain for merchants. Merchant fees cost businesses more than $100 billion per year—and that’s just in the United States. If you’re reading this right now, there’s a good chance you’re paying...

Paya Rate Increases, Fees, and Updates (2025)

Sep 7, 2023

Paya Rate Increases, Fees, and Updates (2025) Paya is a US-based payment processor that offers integrated payment solutions for businesses. Here are the latest rate increases and updates from Paya: New Paya Fees and Updates Paya is implementing a new Pre-Arbitration...

15 Reasons Credit Cards Get Declined

Sep 5, 2023

15 Reasons Credit Cards Get Declined If your business accepts credit cards, you’re going to process some transactions that get declined. But understanding why credit cards decline will help you handle the situation appropriately. Credit card declines can be...

Credit Card Verification Service For International Orders

Sep 2, 2023

Credit Card Verification Service For International Orders Ecommerce businesses needs to take preventative measures to avoid fraud. According to a recent study, 92% of fraudulent transactions online involve a credit card. This results in about $24 billion lost...

What is Secure Remote Commerce (SRC)?

Sep 1, 2023

What is Secure Remote Commerce (SRC)? New credit card technology has made it tougher for criminals to use fraudulent credit cards at brick-in-mortar POS stations. As a result, scammers are turning to online fraud and theft with stolen credit card information. With...

Credit vs. Debit Transactions: What’s the Difference?

Aug 26, 2023

What’s the Difference Between Credit and Debit Transactions? (Debit vs. Credit Transaction) Credit and debit transactions commonly result in different fees for merchants. Debit card interchange rates are usually lower, since they're less risky for processors. The...

Merchant Acquirer Fees Explained

Aug 25, 2023

Merchant Acquirer Fees Explained Keeping track of all the moving parts associated with credit card processing can be challenging. There are so many different parties involved with every transaction, and each one needs to get paid. One of the most important entities in...

Payment Processing Industry News (August 2023)

Aug 24, 2023

Payment Processing Industry News (August 2023) As always, our team here at Merchant Cost Consulting keeps a close eye on the payment processing world. From new interchange rates to technology updates and beyond, we strive to keep our readers informed with the most...

How Recurring Payments Affect Credit Card Processing Rates

Aug 23, 2023

How Recurring Payments Affect Credit Card Processing Rates Setting up recurring payments has become a popular and profitable way for businesses across multiple industries to generate ongoing revenue. Recurring payments are often seen as a win-win for merchants and...

What is a Qualified Processing Rate?

Aug 16, 2023

What is a Qualified Processing Rate? Qualified processing rates refer to the merchant fees that a business pays for a specific type of credit card processing, known as tiered or bundled pricing. Depending on the merchant account agreement and fee structure, the...