A convenience fee is a charge for a true “convenience” in the form of an alternative payment outside the merchant’s customary payment channels. The fee must be imposed on all like transactions regardless of the form of payment used. Both MasterCard and Visa do allow for convenience fees but both have strict policies; however, Visa’s [...]
Why You Need Interchange Plus Pricing For Your Merchant Account! Depending on your customer base; the typical bundled Qualified, Mid Qualified and Non-Qualified pricing plans that you’ll find offered by most merchant services providers may not be the best for your business. If you are seeing a large majority of “Mid_Qualified” or “Non-Qualified” transactions on [...]
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