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Tailored Tips

Your Credit Card Processor Raised Your Rates - Now What?

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.

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What's The Difference Between Acquiring Banks and Issuing Banks?

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?

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Accepting Payments for Curbside Pickup

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.

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What Is A Forced Credit Card Sale?

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.

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What Is A Utility Merchant Account?

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%.

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Understanding Your Processing Rates & Fees

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.

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Top 5 Payment Processing Tips For Small Businesses

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.

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My Credit Card Processor Raised My Rates – Now What?

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 more

How To Better Understand Your Credit Card Processing Statement

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.

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Cash Discount Program Explained

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

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