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Merchant Statements
Whether you’re setting up a merchant account or reviewing your merchant statements, there’s a lot of terminology around merchant account fees. Below, we list and define the most common terms you’ll encounter.
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If you haven’t noticed, a major trend has emerged in the last year around signatures and credit cards. In late 2017 and early 2018, card brands announced major changes to their signature requirements. Mastercard is now taking yet another step away from signatures.
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A common, but costly, mistake is assuming that the best merchant services offer the lowest rates. Trading quality service and security features for rock-bottom pricing can come at a high expense when your business is on the line. The most accurate indicator of a top provider is not fees and rates, but whether it offers proven solutions to help your business grow.
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If you’re like most business owners, you store every printed receipt from your credit card terminal and provide copies to your customers. It may be a routine you consider a best practice to protect your business, but the cost to maintain and store printed receipts significantly eats into your profits.
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Wondering what all the fuss is about with EMV-certified terminals? Since the liability shift both providers and businesses have scrambled to obtain compliant equipment.
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Becoming a business that accepts credit cards is a process. Both before and after the application there are certain steps that we strongly advise you to take. Follow the steps below to start accepting credit cards at your business and be successful from the get-go.
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