A convenience fee is an amount you add to the purchase price; the customer pays this fee in return for being able to use a more convenient payment method. The important thing to remember is that the customer must always have the choice to use another standard method of payment that does not require the added convenience fee. The fee isn’t technically related to taking credit cards. It is meant to help the merchant recoup the added cost for setting up a new payment channel.
Credit Card Processing Blog Posts | Page 8
Merchant accounts can be a complex beast — hard to negotiate with and tough to understand. When a small business owner signs a contract agreement, they may be doing so in good faith, believing that what the salesperson said to them is reflected in the contract. Many times that’s not the case. What follows can […]
There is a lot to consider when it comes to taking credit cards online for your business. We’ll guide you through the decision-making process and then offer several types of payment processors for you to consider so that you can find just the right fit.
Tired of telling customers, “Sorry, cash only”? With a credit card reader, you can take payments almost anywhere, access customers who only carry cards, and even get paid faster. Check out the best mobile card readers for small businesses.
Whether you run a service business that mostly interacts with clients over the phone, a retail or restaurant business that regularly takes phone orders, or you just want to offer your customers more ways of settling billing with you, a virtual terminal may be a savvy choice.
In recent years, charitable contributions online and crowdfunding have become extremely popular. At the heart of online donations is a way to take money, which means payment cards, ACH/bank transfers, and similar. We’ve gathered a few highly-rated tools that can help you design and manage a fundraising campaign.
So, you’ve opened your business, and you’re starting to rack up a lot of sales. You’ve even signed up for a merchant account so your customers can use their credit cards. Things seem to be going great – until you notice something a little unsettling. You knew when you opened your merchant account that you’d […]
This post aims to clarify any confusion regarding why and how a CVV (or CVV2, or CVC, or CID) number is vital for your small business. Because payment companies mandate all merchants to collect the credit card CVV code during online or manual card entry, you’ll need to find a payment processing company that’s up to date with the latest policies.
When it comes to refunds, the interplay between a merchant and customer can be a tense one, or it can be an opportunity to build trust. What most merchants and customers alike may not be aware of is that merchants often have to deal with extra costs with every return. A merchant may be on […]
The transition to EMV chip cards began several years ago, and while adoption continues to pick up steam here in the states, we have a ways to go to catch up. While the rest of the world has been much quicker to adopt EMV (circa 2005 for Europe), the U.S. is dragging its proverbial heels. […]