Accepting payments during the Covid 19 pandemic era changed the way small businesses operate. The days of customers walking into a store and handing over cash or a credit card have changed. Cashiers are wearing gloves, businesses installed protective barriers and social distancing is now required. With changing times comes new technology that has allowed […]
Using a debit card is not the same as a credit card. Debit cards are connected to a bank account, that means when you make purchase with a debit card it will take money immediately from your account. Unlike credit cards this is identical to cash payments. Criminals often target the following locations to get […]
Welcome to the Merchant Blog. This is general business blog showcasing payment processing news, interesting products and useful services.
There are a few places a new businesses owner can go for credit card processing services. Goes to the bank or financial institution. Goes to search engine and searches for credit card processing Asks a friend or knows someone that sells processing. “everyone knows someone that sells processing”. Agent walks into store. New business owner […]
Opening a new business is exciting. Your the boss now. Getting that new store setup or website built and completing the first transaction is a big accomplishment. Your company is open for business. When an entrepreneur opens a new business for the first time there is a many new financial obstacles. Among the first and […]
Basically, Interchange fees are charged by banks for using a credit card. These rates do not change and are included to your processing bill. Credit card processors do not make up interchange rates. VISA, Mastercard, Amex, Discover regulates interchange rates. An interchange rate is a fee charged by banks that covers the cost of handling and credit risk inherent […]
Transaction Fees Transaction Fees: A service cost that is billed per individual transaction. View Glossary and Payment Processing Terms