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Merchant Services and Credit Card Processing

Credit Card Refund Fees (Refund Transaction Fee)

Jun 2, 2023

Credit Card Refund Fees (Refund Transaction Fee) Credit card refunds can be a pain for merchants. Regardless of your business size or industry, these annoying transaction fees can be costly for many different reasons. If you’re issuing a refund, the customer is...

American Express Direct vs OptBlue

May 24, 2023

American Express Direct vs. OptBlue When it comes to the credit card processing world American Express tends to be their own monster. Amex has long been viewed as the outsider of the large four card brands when it comes to acceptance. Higher rates have been the...

NFC Payments (Ultimate Guide) – How to Accept NFC Mobile Payments

May 23, 2023

NFC Payments (Ultimate Guide) - How to Accept NFC Mobile Payments NFC payments have been trending upward in the payments processing industry for the past few years. As some of you know, near field communication (NFC) is the technology behind mobile payment...

Credit Card and Payment Processing Industry News

May 22, 2023

Credit Card and Payment Processing Industry News (May 2023) The world of payment processing and fintech is constantly changing. From upgraded features to new technology, acquisitions, and more, there’s a lot to keep track of. Our team here at Merchant Cost Consulting...

Amex Chargeback Codes Explained

May 19, 2023

American Express Chargeback Codes (2023) American Express functions as a card network and an issuing bank. This gives them more of an incentive to keep their customers happy, which means they usually side with cardholders during a dispute. With that said, you still...

The Complete Guide to eCheck Payment Processing

May 18, 2023

The Complete Guide to eCheck Payment Processing The word “check” doesn’t seem to fit into today’s digital world filled with contactless payment methods, EMV chip technology, digital wallets, electronic payments, and cryptocurrencies. Checks are an outdated payment...

What Are Processing Fees?

Apr 26, 2023

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 understanding...

What is a Merchant Consultant?

Apr 24, 2023

What is a Merchant Consultant? The ability to accept credit card payments is an absolute must in today’s world. But credit card processing is a complex subject—without thousands of different fees to navigate. Credit card transaction fees can add up quickly. With...

Credit Card Merchant Fees – Transaction Fees and Authorization Fees

Apr 15, 2023

Credit Card Merchant Fees (Transaction Fees, AVS Fees, Authorization Fees, and more) As the payment industry evolves, so do the credit card merchant fees that come along with it. From three interchange rates to now thousands of interchange rates, credit card merchant...

How Do You Calculate Processing Rates?

Apr 10, 2023

How Do You Calculate Processing Rates? Processing rates can get out of control if you’re not keeping a close eye on them. But monthly statements can be complex and difficult to read, making it tough for businesses to truly understand what they’re actually paying to...