Tailored Tips
Your Credit Card Processor Raised Your Rates - Now What?
Posted on: Monday, September 13, 2021
You know the drill. Your monthly credit card processing statement arrives in the mail, and your processor has increased your rates and fees. How do you stop it? Credit card processing isn’t cheap. But it doesn’t have to be as expensive as many business owners think. In this post, we will cover the different types of price increases, which ones are avoidable, and how to stop them.
» Read moreWhat's The Difference Between Acquiring Banks and Issuing Banks?
Posted on: Tuesday, June 15, 2021
Within the merchant services industry there is common terminology that you will hear quite often when attempting to setup your own merchant account or when creating a partnership with a merchant services company. Two of the more common terms you will hear frequently are acquiring banks and issuing banks. So what are these banks, and what is the difference between an issuer and an acquirer?
» Read moreAccepting Payments for Curbside Pickup
Posted on: Tuesday, April 13, 2021
Virtually overnight, the coronavirus changed life as we knew it, with both consumers and business owners thrown into a “new normal” that turned everything about the way we socialized, dined, and transacted product purchases upside down. If you are a merchant who is attempting to remain afloat during these unprecedented conditions, you’re probably trying to think of new ways to accept credit card payments from your customers, while maintaining social distancing.
» Read moreWhat Is A Forced Credit Card Sale?
Posted on: Monday, March 22, 2021
A forced sale is a type of offline transaction that can bypass the authorization tokenization process that accompanies normal transactions. There are times when an honest customer is having issues with their card, and POS systems give merchants the tools to process a transaction without the normal checks and balances.
» Read moreWhat Is A Utility Merchant Account?
Posted on: Tuesday, October 13, 2020
Visa, MasterCard and Discover offer substantially reduced credit card processing rates to businesses that provide waste management and utility services. These special low rates are called the utility interchange rates and they can help to reduce your monthly card processing fees by up to 70%.
» Read moreUnderstanding Your Processing Rates & Fees
Posted on: Tuesday, August 18, 2020
When discussing pricing with your merchant services provider, or when shopping around for better pricing, it's important to understand the differences in the rates and fees that you see listed on your monthly statement. Every credit card transaction has three main cost components: interchange, assessments, and processor markup.
» Read moreTop 5 Payment Processing Tips For Small Businesses
Posted on: Tuesday, July 14, 2020
Non-cash payment transactions have revolutionized the small business landscape. Customers are now accustomed to the speed, convenience, and security that buying goods and services with a credit or debit card brings. That said, customers are not the only ones who benefit from non-cash transactions.
» Read moreMy Credit Card Processor Raised My Rates – Now What?
Posted on: Monday, June 22, 2020
Your monthly credit card processing statement arrives in the mail, and your merchant services provider has raised your rates. What can you do? In this article, we cover the different types of price increases, including which ones are avoidable, and how you can stop them.
» Read moreHow To Better Understand Your Credit Card Processing Statement
Posted on: Wednesday, February 5, 2020
As a business owner, you likely know the importance of reviewing your credit card processing statement each month. However, taking the time to review your statements will not do much good without the proper understanding of what you're looking at.
» Read moreCash Discount Program Explained
Posted on: Tuesday, January 14, 2020
Businesses are always seeking different solutions that will help them reduce their credit card processing fees. One of these solutions is adopting a cash discount program that incentivizes customers to pay by cash or check - offsetting payment processing costs for business owners
» Read more