Interchange Plus vs Tiered Pricing No one wants to pay more than necessary for credit card processing, which can already eat into profits. When comparing merchant services, it’s important to understand how different pricing systems work. Many merchant account providers advertise very low fees as a teaser, even though most transactions do not qualify for […]
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5 Tips for High Risk Merchants If your business is considered high-risk, it can seem impossible to find a payment processing company that will accept you. The truth is getting merchant services when your business is risky isn’t as difficult as it may seem. The key is taking steps to improve your chances before you
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What Is Interchange Plus Pricing? Accepting credit cards increases customer convenience and helps increase your sales, but the cost of merchant services can be a bit confusing and eat into your profits. You don’t want to pay more than you need to for payment processing, but how do you choose a merchant account provider that
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Protect Your Business from Credit Card Skimmers Each year, companies sign on to take advantage of merchant services offered for credit card processing. Skimmers are quickly becoming a threat to unsuspecting customers as companies rely more heavily than ever on point of sale services for their businesses. As a merchant, you want to protect your
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Gone are the days where businesses must rely solely on traditional terminal solutions to manage customer payments. Now business has more options than ever to complete customer transactions. Small businesses leverage advancements in payment processing to move about flexibly serving their customers. Credit card processing has changed the way the small business community handles transactions.
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Beginning in April, Visa will no longer require signatures for contactless payments and EMV chip cards. This means North American users of Samsung Pay, Google Pay (previously Android Pay and Google Wallet), and Apple Pay will be able to complete transactions with a touch of their device to the contactless credit card machine. The signature
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If you’re planning to sell vapes online, one of the first hurdles you will need to overcome is finding merchant services that accept your business. The sale of electronic cigarettes, vape, and related products is considered high risk. This means many merchant account providers will turn you away. Even Square, PayPal, and other processing platforms
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Most business owners loathe payment processing fees. They logically know that paying for merchant services is no different than their customers paying them for services. Yet, after investing a lot of time and money in starting or building a business, the seemingly high cost of credit card equipment and year-to-year increase in fees tends
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How to Avoid Merchant Account Holds or Freezes Many merchants do not understand why freezes or holds occur, but these are important topics to understand. Both are for the merchant’s protection, but they can be financially stressful to your business when they occur unexpectedly. Here’s why holds and freezes occur and what you need to do to make sure you
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If you’ve ever wondered if you should add online ordering capability to your retail establishment, we’re here to tell you, “Yes, you should.” It’s a no-brainer really. While we’ll get into more particular reasons why in the following discussion, there’s one very basic reason merchants should provide this option for customers – because they expect
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Digital or virtual currencies have gained popularity over the years. They have completely transformed our perception of money and transactions. Today we will delve into the world of blockchain cryptocurrencies exploring their definition, potential future uses, as well as, their advantages and disadvantages. Defining Blockchain Cryptocurrencies Blockchain cryptocurrencies often referred to as cryptocurrencies are forms
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MasterCard has announced upgrades to its payment processing operations for business-to-business transactions. The company will now allow businesses to use blockchain technology to transfer money via its MasterCard Blockchain API, which recently debuted at the Money20/20 Hack-a-thon in Las Vegas. MasterCard has joined the growing list of companies using blockchain technology, including Google, Citibank, Goldman
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DOJ Approves Creation Of Real-Time Payments Network The DOJ has approved a real-time payment network suggested by two dozen banks who want to provide faster payments to merchants using their merchant services. The DOJ wanted to make sure that this was not a move that would consolidate too much power in too few places and that there is no
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Walmart is Betting on Stronger Online Sales for 2018 In preparation for its annual investor’s conference, retail giant Walmart hinted at a future when the company would be a strong competitor to Amazon, the absolute global leader in online sales and ecommerce operations. Investors reacted very positively to the news, including a projection by Brett
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In the United States and other countries around the Americas, “Cash Only” signs can still be found in many retail establishments; however, the opposite situation can be observed in Sweden, a country where hundreds of bank branches no longer accept or store cash deposits. Sweden is on track to becoming the first truly cashless society,
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The Retail Industry is Far from Dead For all the talk about how e-commerce has advanced to the point that online shopping has obliterated the brick-and-mortar experience, the evidence cited in this regard is tenuous at best. Those who believe that e-commerce will make shopping mall disappear will often mention the meteoric rise of Amazon
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EMV cards have been in a talking point for the last couple of years. In 2015 card companies started switching over to EMV “chip” cards. Two years later we’ve all seen these cards, and probably have at least one by now. The chip side of an EMV card gets inserted into a credit card
Heartland Payments Charging $299 EMV Non-Acceptance Fee Read More »