Credit Card Processing Blog Posts | Page 22

Some fees are avoidable – and some aren’t. When choosing and working with a payment service provider, you need to be able to figure out which fees they charge to make profit, and which are actually coming from the credit card networks. So where does the Visa FANF fee fit into all this? In our […]

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 […]

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 […]

If you’ve been turned down for a merchant account because of bad credit, don’t panic. Here’s what you need to know about what role credit scores plan in payment processing, plus the best ways to get a merchant account for your small business.

As 2011 comes to a close, and credit card processors scramble to get their 1099-K documents filed, some of them are trying to recoup their administrative costs by passing on a fee to the merchant (You). Some are even using this opportunity to profit off of these regulatory requirements, charging as much as $3.95 per […]

Back in January I interviewed Adam Pflaumer from EP Consulting. Adam is a consultant that helps merchants lower their credit card processing fees, in most cases, without having to switch to a new provider. In that interview Adam also talked about an ebook that he’s been working on. That ebook has been released, so if […]

So, this is pretty straight forward. You dispense marijuana (cannabis) that is legally prescribed by a certified doctor to patients that need their medicine. The problem is that most of your customers want to pay by credit card, but unfortunately, you only accept cash. It’d be nice if you could accept those cards, wouldn’t it? […]