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The fact that some providers periodically sneak in cost increases to their merchants isn’t new. I’ve mentioned before that one of the easiest ways they do this is under the auspicious notice that “The card companies have recently modified their rates and fees so we are passing on the cost increases to the merchant.” Of… Read More »
This is part two of a two part series (read part 1) on EMV chip cards. This article is written mainly for brick & mortar retailers as the October 2015 rule changes discussed in this series are specific to card-present merchants. However, ecommerce merchants also need to understand the potential impact as some entities predict… Read More »
This article is written for card-present retailers only as the October 2015 rule changes discussed within are specific to card-present merchants. Card-present means the customer presents his/her card to you and it is swiped/inserted versus a card-not-present environment such as ecommerce where the card information is keyed in. I’m writing this article because several brick… Read More »
B2B merchants often overpay for processing for a number of reasons. However, one of the main reasons is they choose a merchant account providers or salesperson that doesn’t have the needed expertise for the B2B industry. Two merchant account providers offer a B2B merchant Interchange Plus pricing with the same rates and fees. What could… Read More »
This is the final article in my series on the new American Express OptBlue program. This article includes a check list that merchants should complete with the salesperson or provider when reviewing this new program to ensure they are being priced correctly. You can read part 1 here and part 2 here. I’ve been very… Read More »
Many merchants think card processing is pretty simple, not realizing how interchange rates (issuer and card association fees, dues and assessments) drastically affect their bottom line. They think the customer’s card information, obtained during an on-line purchase, is sent to one of the card associations — Visa, MasterCard, Discover, American Express.
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