How To Read Your Credit Card Processing Statement Part 2 – Pricing Structures

In last week’s article, we described the various players involved with processing credit card payments. We also talked about what they charge you and whether you have any control over the fees. If you haven’t read it, you can do so right here. It’s a great foundation for understanding your credit card processing fees. It […]

Learn To Read Your Statement And Understand Your Credit Card Processing Fees Part 1 – The Players

The credit card processing industry is made up of a web of banks, financial services, networks, software companies, and consumers. For every payment transaction completed, there are a half dozen players involved and charging you for their services. Understanding credit card processing fees and how they work can be confusing, especially if you’re not in […]

Did your credit card processing rates “savings analysis” leave you feeling manipulated?

Businesses are always looking for the lowest credit card processing rates they can get. One can hardly blame them. It’s expensive to accept credit cards. At the same time, salesmen are eager to constantly sign new accounts and build their portfolio. Sometimes they even have monthly minimums they have to meet in new account volume […]

Credit Card Processing Company Raised your Rates, Again? Keep Calm Shop On

I’m sure you’ve been there. You open your monthly credit card processing statement and almost faint when you see how much you’re being charged. Shocker! Your credit card processing company has raised your rates! Again. When did that happen? Likely there was a brief message on the bottom of your last statement notifying you they […]

PCI Compliance – 1st Step Defense Against Online Credit Card Skimming Fraud

The world made drastic changes this year as a direct result of the Covid -19 crisis. As a result, people are working and shopping from home more than ever before. And as a direct result of society’s more digital lifestyle, there’s been a serious uptick in online fraud and cyberattacks. Fraudsters are exploiting the shift […]

Accept NFC – Contactless Payments On The Rise

“Tap to pay”, contactless credit cards, contactless payments, or mobile payments- however you refer to them, they are here to stay.  Maybe you’re familiar with NFC technology, and you’ve most certainly heard of Apple Pay, Samsung Pay, and Google Pay. Maybe, you have yet to upgrade to EMV compliant terminals equipped to accept NFC contactless […]

Lower Credit Card Processing Rates Now As Rate Hike Is Delayed

A credit card processing rate hike is the last thing small and medium-sized businesses need right now. But that’s exactly what they were going to get just as the economy began to open again. Thankfully, Visa decided to delay their increases, but not forever. At a time when businesses are struggling to keep afloat, they need […]

Accept Credit Card Payments Without A Merchant Account

More and more we are moving towards a cashless society. There are around1.5 billion credit cards in circulation in the United States today. And, with consumer credit card spend accounting for $4.737 trillion in 2018, it’s understandable why businesses need to accept credit card payments if they want to remain relevant and competitive. But, for […]