If you’re one of the many American merchants who currently accepts credit cards, you’re probably aware that things are changing, slowly but surely. Chip cards are already used as a matter of course in many other countries around the world, and though the U.S. has been late to get on the EMV bandwagon, the […]
Are you on the hunt for the best credit card processors for your small business and want to understand the fees? Credit card processing fees are hard to understand, but we don’t think they should be, so we set out with the goal of creating the most easy-to-digest and visually appealing infographic on the subject. […]
Overview: GoPago became an idea in CEO Leo Rocco’s mind way back in 2007 when he missed Barry Bond’s record-breaking home run while standing in line at a concession stand. The experience made such an impression on Rocco that he set out to create a merchant point of sale solution that would allow customers to […]
One of the most confusing billing methods in the credit card processing industry today is the billback (BB) method. Chances are, you don’t even know what it is. What’s worse is that billback spawned itself an offspring called enhanced billback (EBB), which is even more complex than the original. To add even more confusion, the […]
As a business owner – whether of a retail establishment or an online store – you know that credit card processing fees eat into a big slice of your profits. Just glancing at your merchant account statement each month could send you into a dizzying spin of frustration – especially when you see those outrageous Mastercard and Visa downgrade fees costing […]
We’ve all been there – swindled into a contract that we never should have agreed to in the first place. Fine print and loaded statements make it difficult to decipher the early termination fees we’re accepting, yet we sign on the dotted line anyway. It isn’t until we decide to cancel our contracts that buyer’s […]
You own your own business, so chances are…you’re a risk-taker. But there are some areas of your company that are better served by precaution than chance. Namely, your credit card processing limits are nothing to mess around with. If you decide to go out of bounds on your monthly or individual processing limits, you could […]
Credit card processing is traditionally thought of as an at-the-counter transaction, where a merchant takes hold of a person’s credit card and swipes it at the register. The problem with this setup is that mobile merchants (those who rarely hang out near a register) don’t have an easy way to accept anything but cash. Enter […]
How good would it feel to not have to pay any interchange fees? You know, that 2-7% that you pay your credit card processor every time you run a transaction. Well, Iowa based Dwolla can help with that. Founded in 2009 by Ben Milne and growing at an enormous rate, Dwolla is looking to become […]
As 2011 comes to a close, and credit card processors scramble to get their
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