Tailored Tips
Quick Chip Credit Card Processing
Posted on: Monday, May 7, 2018
Quick Chip credit card processing isn’t a new type of security chip, nor is it a new type of credit card. Instead, it’s a software update provided by the Payment Card Industry. Once installed on your POS terminal, this patch will dramtically speed up the verification process at the point of sale. With a Quick Chip-enabled terminal, credit card data is temporarily stored locally within the terminal. This means customers can insert their cards at any time during the checkout process, even if the...
» Read moreUtility Interchange Rates Can Provide Huge Savings
Posted on: Monday, April 30, 2018
Visa, MasterCard, and Discover offer incredibly low interchange rates to businesses that provide waste management or utility services. These special rates are called the utility interchange rates, and they can help to reduce your monthly credit card processing fees by up to 70%. To receive this special pricing your business must be set up with a Utilities merchant account.
» Read moreInterchange Optimization Will Save Your Business Money
Posted on: Monday, April 23, 2018
Interchange optimization is making sure that the interchange rates and fees that your business is paying as part of your overall credit card processing fees, is optimal for your type of business, and that you're avoiding downgrades and additional surcharges.
» Read moreCredit Card Processing Downgrades
Posted on: Monday, April 16, 2018
By understanding what credit card processing downgrades are and how to avoid them, your business will better position itself to pay as little as possible in credit card processing fees each month. In this blog post, we will explain what credit card transaction downgrades are, how to identify them, and how to correct them.
» Read moreMerchant Account Fees Are Tax Deductible
Posted on: Monday, April 9, 2018
As a business owner, it’s important to your bottom-line to make sure that you’re taking advantage of every tax deduction to which you are entitled. While most deductions are well known, there may be one deduction you have never considered. It has to do with your merchant account, more specifically, your credit and debit card processing fees
» Read moreThe Major Benefits To Upgrading Your POS System
Posted on: Wednesday, March 28, 2018
The latest point-of-sale systems have evolved well past just being a device to process your customers payments, they can become the backbone of your business. Even so, as a business owner the idea of shelling out hundreds or even thousands of dollars to upgrade your POS equipment might go against the grain.
» Read moreBest Practices For Avoiding Chargebacks
Posted on: Thursday, March 8, 2018
When your customer disputes a credit card transaction and wins a chargeback against your business, you will lose out on more than just that particular sale. Most likely, you will also have to pay extra fees from your payment processor and even potentially other fines from the card issuers. Fortunately, there are several steps you can take to dramatically reduce the number of chargebacks disputes that hit your business.
» Read moreForget Skimmers, Now Shimmers Are The New Threat
Posted on: Tuesday, February 27, 2018
You have probably heard of skimming, a technology that criminals employ to obtain sensitive credit card information for the purpose of making illegal purchases. Although financial institutions and businesses have found ways to thwart these nefarious activities, evil-doers seem to always find another way to wreak havoc. Enter shimming, the new and even more disturbing way to steal consumers credit card information.
» Read moreDoes Your Business Accept GSA SmartPay Cards?
Posted on: Monday, February 19, 2018
We are contacted frequently by businesses and government vendors inquiring about needing the ability to accept GSA SmartPay Ghost Cards. The federal government has its own version of a credit card. The GSA SmartPay Card isn’t really for consumers so much as for federal employees. The General Services Administration SmartPay Card makes purchasing goods and services easier than ever before, and it contains some useful parallels for consumers interested in credit and debit cards.
» Read moreEmerging Trends In Mobile Payments
Posted on: Saturday, February 10, 2018
Shopping, social lives, and bill payments are just some of the many daily tasks that can be completed on a mobile device. Most people bring their devices with them everywhere, which allows them to manage their lives and even make payments on the go. Businesses wisely have started to make use of mobile payments in as many ways as possible for the good of their customers.
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