WELCOME AND THANKS FOR COMING BY

The subject of credit card processing is not one of the favorites of any merchant. Each month, when they receive their statement in the mail, they cringe at the fees they've had to pay for this "privilege" of accepting credit cards for payment. This blog is meant to provide a more thorough understanding of how the industry works, what makes up the fees that you are paying and how you can improve on them. So, come by often or, better yet, subscribe to the RSS feed below and you'll be notified any time there is an update.

Saturday, September 29, 2007

credit card processing on the internet

If you've got an on-line business, and you desire to accept payment for goods and services via credit and debit cards, there is a right way to do things and a costly way to do things....do you know which is which?

Not only are there various pricing models that can be offered by merchant service providers, but, there are also numerous ways the transactions can actually be run. Do you know the differences?

The purpose of this blog is to get your answers before you decide on a service provider. Maybe you feel like you don't know what questions to ask. That's okay too! All you need to do is tell me what it is you are trying to accomplish and I'll help steer you along the way.
  • You won't get a "sales pitch" from me
  • I won't recommend any service in particular
  • If you want my assistance, and want me to set you up with services, I'll be happy to help to help but honestly, I really don't "need" your business
  • My desire is to help educate the business owners regarding this complicate portion of their business.

So, jump on in and tell me, or ask me what's on your mind.

Maxx

Thursday, September 27, 2007

Understand Credit Card Processing Fees & Rates

This is not a solicitation for your credit card processing business
This is an educational blog to answer your questions and guide you
to make more informed decisions regarding merchant services
Rates continue to increase so...
YOU NEED TO UNDERSTAND
Credit Card Processing Fees
And how the industry works
in order to
SAVE YOUR BUSINESS MONEY
I'm a seasoned, semi-retired, pro and I don't need your business so this is a safe place to get your questions answered about credit card processing

Okay, here's the deal....if you're in any kind of business, providing goods or services, you absolutely NEED TO ACCEPT CREDIT CARDS or you're leaving money on the table. There are many service providers that will gladly assist you with that service.....FOR A FEE OR MANY FEES (some of which aren't openly revealed to you). How thoroughly educated are you regarding this necessary service? Wouldn't it be beneficial to arm yourself with the proper knowledge in order to be able to make intelligent, informed decisions to improve on your bottom line?

THIS BLOG IS THE SAFE PLACE TO LEARN

Let me say, first of all here that I'm not here to solicit your credit card processing business. I've been in this business for many, many years and already earn a very comfortable living monthly, from hundreds of merchants that allow me to handle this service for them. I've developed long-term, mutually rewarding relationships with them because they know that I care about them, not just their business. It's a win/win situation.

This blog is specifically for the purpose of answering any questions that you may have regarding accepting credit and debit cards in your business. Whether you be brick and mortar or click and order, I'll be able to help guide you through the maze of information that you absolutely need to understand.

I AM NOT AND NEVER WILL BE SOLICITING YOUR

CREDIT CARD PROCESSING BUSINESS

There's many different ways to process credit/debit cards

  • 3 Tier Pricing (Qualified, Mid-Qualified, Non Qualified Rates)
  • 4 Tier Pricing (Includes lower pricing for debit cards)
  • Bundled or Unbundled Rates
  • On-line or Off-line debit card processing
  • Cost-Plus Pricing
  • Interchange rates, fees and assessments
  • Card present or card not present
  • Traditional credit card machine, payment gateway, shopping cart, etc

Which pricing model is best for you, your business and how you transact business?
Simply post your questions or comments here and I'll respond as quickly as possible. If at any point, you want me to analyze your current statements, I'll be happy to do that for you as well. If you'd rather not post here publicly, you can email me at infoskoop@comcast.net for a confidential response. Thanks for reading and I look forward to hearing from you.
Maxx