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Payment-Related Car Dealership Laws Every Dealer Should Know
As a whole, the auto industry faces tough scrutiny for compliance. As payment experts, we want to ensure you know of the payment-related dealership laws your dealership should be aware of.
Ursula Librizzi
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Why You Shouldn’t Charge an Authorization Hold After 7 Days
Not all businesses are the same. While some fulfill a transaction exchange at the moment of purchase, others may take days to provide the product or service purchased. In this case, a credit card authorization would ensure that the customer has the funds before you provide your end of the transaction.
Ursula Librizzi
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Unethical Software Providers Penalize You for Using Other Merchant Account Providers
Running your business efficiently may mean using multiple providers to satisfy all your needs. This could include client or inventory-management software, an e-commerce hosting platform and a Merchant Account Provider to process in-person and online payments.
Ursula Librizzi
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ONTRAPORT Integrations: Affordable Payment Processing via PayJunction
As your business develops, it’s natural to add on an e-commerce component or a marketing team to grow your reach and brand awareness. Even as a curious business owner, you might be wondering who your ideal customer is, what your customer journey looks like and how interested buyers are finding your product or services. When your business reaches this apex, it’s wise to consider your options for marketing automation software.
Christina Lavingia
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Visa Increasing Fixed Acquirer Network Fee (FANF) Rates
Visa imposed a monthly fee in July 2012 called the fixed acquirer network fee (FANF) to incentivize businesses to route transactions to Visa. This implementation was a direct result of the Durbin Amendment, and was intended to level the competitive landscape for Visa.
Ursula Librizzi
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New Visa Transaction Integrity Fee in 2018
A new Visa transaction integrity fee will be charged starting April 14, 2018, on any credit transaction that does not meet the custom payment service (CPS) qualification standards. Visa, MasterCard, Discover and Amex update their Interchange guidelines biannually in April and October. This fee will be $0.10 per transaction.
Christina Lavingia
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