Articles & Blog

3 Things to Look for on Your January Credit Card Processing Statement

Posted On February 27th, 2017

Merchants should have received their credit card processing statements for January activity within the last week or so. They should take the time to review (3) important items. Are you being penalized for customer refunds? It’s not uncommon for merchants to have a higher than normal number of customer refunds in January.  However, not all… Read More »

Understanding Why Credit Card Providers Use Different Pricing Plans

Posted On August 30th, 2016

A few merchants recently sent me their provider’s email response after the merchant insisted that their current pricing plan be changed Interchange Plus pricing.  Some of the providers responses where down right ridiculous and even laughable as they tried to explain why their Tiered pricing, flat rate pricing, flat fee pricing plans, etc. were “better… Read More »

The Importance of a Detailed Processing Statement

Posted On July 27th, 2016

If you are not receiving a detailed processing statement each month then don’t be surprised if you are paying more than you negotiated Would you write a check to a vendor based on an invoice that stated the following? Items Amount Truckload of stuff $15,425.00 The question may seem ludicrous because no merchant in his… Read More »

Common Mistakes When Negotiating Credit Card Processing Rates and Fees – Part 2

Posted On March 25th, 2016

This is the second article in a series on common mistakes I see merchants make when negotiating rates and fees or analyzing the offers from different credit-card-processing providers. You can read the first part here. 4. The merchant assumes that he understands the offer The credit card processing industry is a convoluted business with dozens… Read More »

Common Mistakes When Negotiating Credit Card Processing Rates and Fees

Posted On February 29th, 2016

This is the first article in a series on common mistakes I see merchants make when negotiating rates and fees or analyzing the offers from different providers. You can read part 2 here. 1. They  assume the terminology used by competing salespeople is the same Two salespeople can offer the same rate; say 0.10% +… Read More »

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