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Merchant Statements

How to Read a Credit Card Processing Statement

When seeking an answer to this question, it’s vital to know that no two credit card processing statements are exactly the same. Statements vary among providers in regard to how sections are labeled, the order they appear in, the names — and shorthand — of different fees, etc.
Christina Lavingia 9/11/2018 READ MORE
How to Set Up Credit Card Processing for Small Business

You run a small business and are ready to take the next step: accepting credit cards. Congratulations! Whether this is your first business or a new venture you’re investing in, you might not be too familiar with credit card processing.
Ursula Librizzi 9/6/2018 READ MORE
What Does Credit Card Processing Cost?

There are a number of payment providers that enable you to accept credit cards. Whether you interact with them directly or not, there are a handful of fees you have to pay for the privilege of accepting plastic.
Christina Lavingia 9/4/2018 READ MORE
What Are Credit Card Processing Fees?

As a business owner, you need to make a profit from the goods and services you provide in order to stay in business. This is why fees, especially for the privilege of simply accepting credit cards, can be so frustrating.
Christina Lavingia 8/30/2018 READ MORE
Credit Card Processing Basis Points — What Are They?

Every industry has its jargon, and credit card processing is no different. You are probably familiar with more-common terms just from bumping elbows with folks in the industry. These include Interchange, EIRF, downgrade and tiered. However, there are others that are used less frequently and are purposefully deceptive, such as settlement funding, padded dues and assessments, breach coverage security, etc.
Casey Russell 8/23/2018 READ MORE
How to Process Credit Card Payments After Signature Rule Change

In late 2017 and early 2018, the card brands revealed a major change to their long-held signature requirements for credit card transactions. MasterCard, Discover and Amex announced they would no longer require signatures for magstripe and EMV transactions beginning in April 2018. Visa announced that signatures would still be required in the event of a chargeback dispute for magstripe transactions, but would be optional for EMV.
Christina Lavingia 5/17/2018 READ MORE