If you’re in the market for a mobile POS, you’re going to eventually come to a short list of names — the ones with the best product, the best service, and the best pricing. And odds are pretty good you’re going to have both ShopKeep and Square on the list. With some cursory digging, you’ll […]
I can hardly believe it’s been more than half a decade (and approaching a full decade) since I started feeling inundated with comments about how mobile is the future of everything. And I do mean everything. However, there is one area where that is absolutely, 100% true: credit card processing and point of sale (POS) […]
High-risk credit card processing can be tricky, but it’s not a death sentence for your business. Running any business these days more or less requires that you give your customers the option of paying with credit or debit cards. If you’re an eCommerce entrepreneur, credit/debit cards are just about your only option for getting paid. […]
Chances are, you’re reading this article because you’ve just found out that you’ve been added to the Terminated Merchant File (TMF) or MATCH list. And now you’re scrambling to figure out what this “list” or “file” actually is, and how you can get yourself off of it. Am I right? Well, don’t feel too bad, […]
Just about everyone in business these days needs to be able to accept credit cards. Finding a reputable merchant account provider to process those credit card transactions for you can be a pretty daunting challenge for any business, but it’s even harder if you’re a high-risk merchant. So, what is a high-risk merchant? In the […]
Credit card processing fees are extensive, complicated, and can be overwhelming. Nevertheless, you have to pay them if you want to process credit cards through your business. Rather than paying these charges blindly, you might as well make an effort to understand them. That way, you can dispute any costs you think are unfair or […]
One of the first things that I do when I analyze a merchant account statement is calculate the “effective rate.” The effective rate of a credit card processing statement is the total processing fees divided by total sales volume. It’s usually expressed in the form of a percentage, and in my opinion is one of […]
Here at Merchant Maverick, we’ve received countless questions over the years from concerned business owners regarding their merchant account statements. In fact, our website owes a large part of its very existence to the complex pricing, convoluted statements, and hidden markups that are hallmarks of the card processing industry. This is the unfortunate state of […]
Business-to-business (B2B) transactions have been around forever, but with the dramatic increase in credit card usage by corporations, they’ve also become a lot more complicated to deal with for merchants who process them. Traditionally, businesses made their purchases by placing an order in person, through the mail, or over the telephone. The merchant would then […]
Trying to choose the best credit card processing company can be overwhelming. This is especially true when you are a new small business owner who has never even heard of a “merchant account” before — but the truth is that even seasoned CEOs can get dizzy while researching the payment processing industry. (Trust us, we’ve […]
