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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
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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
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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
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How the Way We Take Credit Card Payments Will Change
We’re all familiar with paper receipts. They’re so ubiquitous that you likely have one in your pocket or in your purse as you read this. For customers, they constitute a proof of purchase in case they want a refund or wish to verify the transaction amount against their credit card statements. For businesses, they provide the only evidence that a credit card payment was authorized, which is why businesses are weighed down by paper receipt copies — sometimes up to seven years’ worth — that are filed, boxed and stored.
Christina Lavingia
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How to Accept Credit Card Payments Online
Every day, more people choose to do their shopping online. You can't deny the convenience of buying the products you need right from your living room, and e-commerce has become a huge industry spanning all types of retail. Business owners all over the world have seen the advantages of selling online and today it's nearly unheard of for a company not to have a website — and those who don't are missing out.
Gonzalo Gil READ MORE
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How to Avoid a Monthly Fee for Small Business Credit Card Processing
It can seem unfair to be charged money simply for the privilege of accepting credit card payments at your small business. After all, not accepting credit cards could result in a significant amount of money left on the table and often isn’t feasible when your goal is to generate enough revenue to keep your doors open.
Christina Lavingia
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