Setting up a tech support company in India (or anywhere) comes with a host of challenges, some obvious, others less so. One obstacle you may not have accounted for is the difficulty finding a merchant account provider for the business. Instead of trying to find the lowest rates possible, you probably found yourself stuck searching for […]
After browsing hundreds of pages of payment processing contracts and sales information, and having heard from hundreds of confused and frustrated merchants, there are some choice words that really grind my gears. These words and phrases are commonly used in the payments industry, and most new business owners (and some seasoned owners) get thrown off […]
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 play 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
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Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships.
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