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Merchant Statements
If your dealership accepts credit or debit card payments, you're required to comply with the Payment Card Industry Data Security Standard (PCI DSS). The major card brands created PCI DSS compliance to protect sensitive and valuable cardholder data, and the newest version, PCI DSS v4.0.1, raises the bar.
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The Landscape of Payment Processing If you've ever felt like navigating the world of payment processing is unnecessarily complicated, you're not alone. There are numerous moving parts, and many payment processing companies claim to make it easy for you to accept card payments. But beneath the surface, these providers operate under very different models, each with varying pricing models, transaction fees, onboarding processes, and risk factors.
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Running a dealership or repair shop means every customer interaction matters, especially when it comes to payments. If your business is adding a credit card surcharge to offset processing costs, it’s critical that your staff understands the rules, communicates clearly, and avoids costly mistakes.
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Many customers expect dealerships to offer fast, convenient, and secure payment options, whether they're purchasing a vehicle, servicing one, or ordering parts. With modern online payment solutions, your dealership can meet expectations by reducing friction, increasing cash flow, and streamlining operations across Sales, Service, and Parts.
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Today’s Managed Service Providers (MSPs) have a major opportunity: take control of embedded payments to unlock new revenue and deliver better service without adding complexity. Your clients need payments that are easy to use, secure, and seamlessly integrated, and you need a partner that helps you get there faster. Here are a few attainable achievements that MSPs can quickly adopt to improve the payment experience for their clients while growing revenue for their own business.
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If you’re already surcharging credit card payments, you’ve taken a smart step toward lowering your payment costs. But you could still be missing out, especially when it comes to debit fees and surcharge compliance. A quick check can help you spot hidden costs and avoid compliance risks.
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