Next to cash, credit cards and debit cards have become the most popular form of payment. According to the Federal Reserve Payment Study, the number of transactions for debit cards and credit cards is 47bn and 23.8bn, respectively; both will…

Whether you’ve had a merchant account for a year or a decade, you may not completely understand each and every rate and fee that’s listed on your merchant statement. From PCI compliance and chargeback fees to interchange and batch fees,…

Would you pay $4800 for a $300 terminal?  One merchant that we spoke to did exactly that.  She had a $99/mo lease for 48 months on a terminal that could have been purchased for under $300.  Terminal leases are great for…

Square reported earnings and one thing from the report really caught my eye. They reported that a higher percentage of revenue is coming from large merchants. Square offers a simple pricing structure of 2.75% per transaction (or 3.5% and $0.30…

Keeping payment card transactions secure is a shared responsibility. Merchants, credit card processors, card-issuing banks and the major card brands all have a role to play. Visa provides the following suggestions for actions merchants can take to help make payments…

What you don’t know can hurt you when your small business handles sensitive payment data. In fact, being unaware of the risks and responsibilities you inherently assume in payment processing can expose your business to fines, fees, and operational upheaval.…

If you’re running a business, you could be leaving a lot of money on the table by not accepting credit card payments. According to Intuit, not accepting credit cards can cost the typical business $7,000 in annual sales. That said,…

Are you in the process of finding a merchant account provider and setting up credit card processing services for your new business? Congratulations! You’re one step closer to success. If this is your first business, you’ve likely learned a lot…