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Merchant Services and Credit Card Processing

What is the Cheapest Way to Accept Credit Card Payments?

Aug 14, 2023

What is the Cheapest Way to Accept Credit Card Payments? Accepting card payments can be costly for many businesses. With average credit card processing fees ranging from 1.70% to 2.50% per transaction, card payments can take tens or even hundreds of thousands from...

Surcharging vs. Cash Discounts in Credit Card Processing

Aug 7, 2023

Surcharging vs. Cash Discounts in Credit Card Processing Credit card processing can be expensive for merchants, especially small business owners. If you’re on a tight budget, the fees imposed by credit card processing companies can significantly cut into your profit...

Payment Processing Industry News (July 2023)

Jul 31, 2023

Payment Processing Industry News (July 2023) The month of July has been a busy month in the world of payment processing and fintech. We’ve seen new technology, processing rate increases, significant acquisitions, and more. Our team here at Merchant Cost Consulting...

Everything You Need to Know About Liquidated Damages in Payment Processing

Jul 24, 2023

Everything You Need to Know About Liquidated Damages in Payment Processing The term “liquidated damages” is something a merchant never wants to see or hear. Generally speaking, there are two instances where liquidated damages come into play—when you’re signing a...

Acquiring Banks vs Issuing Banks in Credit Card Processing

Jul 22, 2023

Acquiring Banks vs Issuing Banks in Credit Card Processing On the surface, credit card processing seems fairly straightforward. A customer buys something from a merchant, and their money ends up in the merchant’s bank account. But the transaction process for credit...

10 Facts About Digital Payments and E-Wallets (2025)

Jul 20, 2023

10 Facts About Digital Payments & E-Wallets (2025) Credit card processing, e-wallets, and Digital payment trends are constantly changing. First, it was cash and checks; then, it became debit and credit cards. Now consumers are ditching plastic altogether and...

How to Prevent Merchant Account Holds & Processing Freezes

Jul 18, 2023

How to Prevent Merchant Account Holds & Processing Freezes An unexpected stoppage in your payment processing procedure can be troublesome for a business owner. From withheld funds to processing freezes or account terminations, these instances can be potentially...

Chase Payment Solutions Rate Increases, Fees, and Updates (2025)

Jul 17, 2023

Chase Payment Solutions Rate Increases, Fees, and Updates for Chase Merchant Services (2025) Chase Payment solutions regularly releases process changes and updates related to potential financial impacts for its clients. At Merchant Cost Consulting, we keep a close eye...

Difference Between Credit Card Processors and Acquiring Banks

Jul 16, 2023

Credit Card Acquirer vs. Processor - What's the Difference? In the world of credit card processing, the terms “credit card processor” and “acquiring bank” are sometimes used interchangeably. But when this happens, it’s not always done correctly. While some acquiring...

TMF and MATCH List in Payment Processing – Ultimate Guide

Jul 15, 2023

TMF and MATCH List in Payment Processing - Ultimate Guide Navigating the TMF/MATCH list can feel like a daunting task for merchants. Many businesses don’t even know about the Terminated Merchant File (TMF) or MATCH list until they’ve been told they’re on it. This...