tag:blogger.com,1999:blog-1396460684301941462012-01-25T05:52:44.993-05:00The world of accepting credit/debit cards for payment, can be confusing but it shouldn't be, and doesn't need to be that way. There's over 200 different Interchange Rates and numerous different pricing models. This blog provides valuable knowledge from a seasoned semi-retired merchant services rep. Subscribe to my RSS feed or come back often as this WILL SAVE YOU MONEY.Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.comBlogger491100tag:blogger.com,1999:blog-139646068430194146.post-70411413291484867482011-03-16T23:05:00.000-04:002011-03-16T23:05:48.243-04:00

Well, spring is approaching and the flowers will be blooming and all the dormant life will be springing back to life…..aaannnddd, if you’re in business, you’re going to start seeing “new life” coming forth in the form of credit card processing reps. Yep, that’s right, especially here in the Midwest and eastern states when the weather warms, even slightly, we see a new hiring frenzy in the

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-38288175126572002412011-03-16T09:55:00.000-04:002011-03-16T09:55:20.159-04:00

Each month, you receive your monthly credit card processing statement from business transacted during the previous month. Of course, when it comes in the mail, you’re anxious to open it up and see all the money you made, aren’t you? Yah right…if you open it at all, you simply cringe at all the charges that have been taken away from your sales. But hey, it is a privilege you know to accept credit

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com1tag:blogger.com,1999:blog-139646068430194146.post-76163795069293081672011-01-26T15:43:00.000-05:002011-01-26T15:43:28.392-05:00

Over the years, as a merchant services rep, not only did I always strive to help my merchants reduce their processing costs…I also shared ideas on how to increase sales. In one of our earlier emails, I shared some ideas on the benefits of building an email list and using auto responders for that purpose. Here’s another idea that you may find intriguing and, most importantly, profitable. Text

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-54965252295686072162011-01-15T14:46:00.001-05:002011-01-15T14:49:30.376-05:00

Use Gift Cards to Drive Sales and Reduce Processing CostsAs the holiday shopping season winds down, I reflect on some of the activity that I witnessed. Specifically here, I'm really just talking about how I saw Gift Cards being used. This year, unlike many in the past, there were several large retailers as well as national restaurant chains offering things like "Buy a $20 Gift Card and we'll add

Michaelhttp://www.blogger.com/profile/00415026037630581400noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-89118796505552348102010-11-30T19:04:00.000-05:002010-11-30T19:04:38.585-05:00

I've been in the merchant services business for many years and rarely, if ever, have I come across a merchant that feels that their fees for processing credit cards are FAIR. I think part of that comes as a result of a lack of transparency that is provided to them. There are numerous types of pricing models that can be implemented and, as you might imagine, most of them are more in favor of the

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-49155254818032459842010-10-22T18:44:00.001-04:002010-10-22T18:45:44.129-04:00

Well, it's that time of year again when Visa and MasterCard make adjustments to their Interchange Rates. Typically, these adjustments take place in the spring and the fall, usually in April and October. If you're unfamiliar with what Interchange Rates are, let me present what Visa identifies them as on their website: "Visa uses interchange reimbursement fees as transfer fees between financial

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-39332653227165559432010-10-13T21:34:00.000-04:002010-10-13T21:34:35.684-04:00

When you look at your monthly credit card processing statement, (and I'm sure you do in great detail every month... don't you?), have you ever calculated the Net Effective Rate? Really, this is simply a tool to determine exactly what you are paying, in total, for ALL of your fees. This would include all of the following: Discount Rates Monthly Service Fees Statement Fees Batch Total Fees PCI

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-50608153235140068172010-10-13T21:29:00.000-04:002010-10-13T21:29:40.640-04:00

The fraudsters are getting even more active these days than before. They're out to steal credit card numbers in any way they can and they're not just after the processors and major retailers any longer. The term often referred to is "skimming" which is defined as the "unauthorized capture and transfer of payment data to another source for fraudulent purchases". According to ADT Security Services

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-4972086491466531522010-10-13T21:22:00.000-04:002010-10-13T21:22:10.654-04:00

Every merchant services or credit card processing agreement that I have ever seen, has a contract term. Typically you will find that they are three years in length. If you terminate early, for pretty much any reason, you will be assessed an "early termination fee". And, usually, this fee will be automatically deducted from the bank account that is on record with the with the credit card service

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-41379402852987331132010-10-13T21:15:00.000-04:002010-10-13T21:15:52.316-04:00

In my years in the field, consulting with merchants regarding their credit card processing, it never ceases to amaze me how little they actually know about the process or the agreement. But hey, it's not your fault because most often you don't know all the questions to ask and the reps typically don't just volunteer all the details....for obvious reasons. So, what I hope to do here, with this

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-76190046318728756402010-10-04T13:54:00.000-04:002010-10-04T13:54:21.890-04:00

Square Personal Credit Card Reader Will Change Everything - Mary Kate Cary (usnews.com)

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-27678329933329265492010-07-23T16:47:00.004-04:002010-07-23T17:17:14.093-04:00

Many merchants have questioned the charges they are receiving for PCI fees. PCI/DSS stands for Payment Card Industry Data Security Standards. Simply, or maybe not so simply, these are standards that are implemented by credit card processors and merchants, to ensure card holder privacy and minimize fraud. Every acquirer has a huge responsibility in this area and they have incurred numerous

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-18512633050386245862010-06-09T21:39:00.004-04:002010-06-09T21:53:03.238-04:00

Over the past week or so, I've had merchants contacting me saying that their processor has given them various reasons for raising their credit card processing rates. Sometimes rate increases are necessary and warranted. In your business, when your costs increase, don't you also consider raising the price of your goods and services to help offset, at least a little, the increased costs you have

Michaelhttp://www.blogger.com/profile/00415026037630581400noreply@blogger.com1tag:blogger.com,1999:blog-139646068430194146.post-45844815663055316832010-05-26T11:59:00.005-04:002010-05-26T21:01:20.707-04:00

Just last week, I was contacted by a merchant that had received notification of substantial increases in their rates. The processor claimed that it was due to “adjustments in interchange rates from Visa and MasterCard”. They were going to see an increase of .30% + $.10 in their Non-Qualified transactions, even though there was nothing like that reflected in the new Interchange levels.

Michaelhttp://www.blogger.com/profile/00415026037630581400noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-21148181566920429262010-05-12T20:49:00.009-04:002010-05-13T11:52:45.651-04:00

There never seems to be a shortage of merchant services, or credit card processing, reps that are coming thru your door promising to save you some money. It's quite easy for the skilled ( and shall we say, less than ethical) credit card rep to manipulate the numbers and present, what appears to be, a "better deal". So, what can you do to know for sure how to really save money on your fees?There's

Michaelhttp://www.blogger.com/profile/00415026037630581400noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-71164864295801677332010-04-30T20:43:00.000-04:002010-04-30T20:43:25.425-04:00

Well, spring has sprung and it's feeling good. My grass is starting to turn green, flowers are popping thru the soil, buds on the trees and an abundance of birds have returned from the south. Everything's coming back to life again and that goes for MLS's as well. What, you say, is a MLS! In the credit card processing industry, it refers to Merchant Level Salesperson. If you're in business,

Michaelhttp://www.blogger.com/profile/00415026037630581400noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-43705716446789467032010-04-19T22:03:00.001-04:002010-04-19T23:55:12.263-04:00

Yesterday I received an email from a reader of this blog.  It seems that her credit card processor has decided to add a Monthly Minimum to her account.  I explained to her that the only time this would come into play, and affect her, is if she didn't do enough volume to generate enough fees to exceed the minimum.  It's not in addition to Discount Rates and fees, it would be instead of. She

Michaelhttp://www.blogger.com/profile/00415026037630581400noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-4779017387702955662010-04-14T21:16:00.000-04:002010-04-14T21:16:11.812-04:00

Have you ever considered what actually happens when a credit card is presented for payment of goods or services?  Merchants pay a credit card processor for this service and are charged a Discount Rate.  Here's a look at what the process looks like and costs involved: • When a credit card is presented for payment of goods or services, the merchant swipes the card thru their credit card terminal.

Michaelhttp://www.blogger.com/profile/00415026037630581400noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-4072680642924883922010-04-08T21:24:00.000-04:002010-04-08T21:24:05.118-04:00

Well, it's that time of year again.  Typically in April and October of each year, Visa and MasterCard make adjustments to Interchange Rates.  What's that you say, you don't know what Interchange Rates are?  Shame on you for not understanding because you're paying it every time you take a credit card.  Well, at least this April, there weren't any significant changes in rates, however, MasterCard

Michaelhttp://www.blogger.com/profile/00415026037630581400noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-54460452093461599342010-03-22T20:42:00.009-04:002010-03-22T21:16:58.700-04:00

     Well, it's been a couple months since I posted last. As you can see from the picture, I've been quite busy. My family and I spent two months in Costa Rica so my mind was elsewhere. However, this business that I'm in (merchant services) is in the blood and I have never really strayed too far away from the pulse of what's going on in this industry.      As one that's always been concerned

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-41121487769586331012009-12-16T20:37:00.001-05:002009-12-19T11:04:33.799-05:00

Okay, it's the holiday season which is, of course, a time for giving.  Do you have people on your shopping list that are always hard to buy for?  By chance, are any of those people business owners?  Well, I've got a gift idea for you that will blow their socks off.  Let me tell you a little about it. You see, for those of you that have read this blog for any length of time, you know that I am a

Michaelhttp://www.blogger.com/profile/00415026037630581400noreply@blogger.com1tag:blogger.com,1999:blog-139646068430194146.post-45128705242214065992009-11-11T22:32:00.000-05:002009-11-11T22:32:18.740-05:00

There isn't a week that goes by that a new credit card offer doesn't show up in the mailbox. Credit card issuers are constantly trying to lure new customers to transfer balances or, at the very least, apply for a new and improved credit card. New and improved in that every time you use it, you will earn some form of "reward". Sounds good to the consumer who uses plastic anyway so why not get

Michaelhttp://www.blogger.com/profile/00415026037630581400noreply@blogger.com1tag:blogger.com,1999:blog-139646068430194146.post-36812692577595811452009-11-04T15:58:00.007-05:002009-11-04T16:27:37.543-05:00

A few weeks ago, my wife upgraded her cell phone with our provider. The phone she selected came with a $50 rebate which sounded good to us. The rebate, we discovered, was to be issued in the form of a Visa prepaid debit card. All sounds good so far but here's what I discovered when the card came in the mail today.You see, to the every day individual, this wouldn't be any big deal but as an

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-14746789319470619062009-10-01T12:27:00.000-04:002009-10-01T12:27:15.700-04:00

Are You Protecting Your Customers Did you know that 92% of card data compromises take place in small businesses with low volume? Many merchants think that the majority of data compromises take place utilizing internet transactions. In fact, 70% of the compromises take place at brick and mortar businesses rather than on the internet. As a business owner, you absolutely need to make certain

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-59917608898869747842009-09-28T23:18:00.003-04:002009-09-28T23:35:30.139-04:00

AS A MERCHANT, HAVE YOU EVER...Processed a credit card transaction at your business and noticed the receipts contained the full credit card number and the expiration date? How about your copy of the receipt? If so, you are NOT COMPLIANT AND AT RISK.Stored credit card numbers in a binder or on your computer in a spreadsheet for recurring billing? NON-COMPLIANT!!!Configured your router or computer

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com2tag:blogger.com,1999:blog-139646068430194146.post-42633034100537624532009-01-30T12:39:00.001-05:002009-01-30T12:42:52.717-05:00

I can't tell you how many times merchants hand me their credit card processing statement still sealed in the original envelope. But, I can't say as I blame them as many of these statements are difficult to decipher. In fact, most processors know, from experience, that a very small percentage of merchants really take the time to look at them. Good for them....bad for you.If you feel that it is

Michaelhttp://www.blogger.com/profile/00415026037630581400noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-44443762295150440052008-11-04T22:44:00.004-05:002008-11-04T22:52:55.922-05:00

What's in your bucket?Maybe you're wondering what I'm talking about here. Let me explain. In any kind of a tiered pricing model for accepting credit cards, your processor decides which "bucket" or tier they will put transactions. Okay, let's say you are on a Three Tier Pricing model. Your statement would have Qualified, Mid-Qualified and Non-Qualified transactions.Typically, in this model, when

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-58310942374989543212008-10-12T16:59:00.002-04:002008-10-12T17:19:43.264-04:00

What's going on with my processing costs? I had a merchant call me a couple days ago and asked the above question. Last year, in September, they had a total volume of $28,049. Of that, $12,108 (43% of total volume) fell into their Mid-Qualified category. These types of transactions are typically for card-not-present transactions or, in more cases than not, they are Rewards type cards. In

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-64441257882709368092008-10-05T20:09:00.005-04:002008-10-05T20:26:47.155-04:00

Over the years, I have been amazed at how many merchants were leasing their POS equipment. I know, for a fact, that there are many merchant level salespersons (MLS's) that are making their primary living selling leases for, let's say, only $39.95 (or more...I've seen many at $69.95....what a ripoff!!!) per month for a 36 month lease. Let's do the math on this one. That would come out to nearly

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-30471162033698799072008-09-30T20:30:00.004-04:002008-09-30T20:40:16.260-04:00

Okay, so you've had someone come knocking from a different merchant services provider and it looks like they may have a better deal. Accepting credit cards for payment of goods and services in your business is crucial. But, with everything in life costing more these days, it's important to make certain you're paying fair rates.So, the new credit card processing company has done their analysis of

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-41932098529784493982008-07-31T22:51:00.002-04:002008-07-31T23:09:49.525-04:00

I've had people ask me recently why it is that when they're paying for gas with debit cards at AFD's (Automatic Fuel Dispensers), the pump stops at $75 (yah, and that typically is no more than half a tank for many of us). Well, let's see if I can shed some light for you.As a fuel merchant, you should be thankful this is happening to help is lessening potential fraud resulting in losses to you.

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-50781520572894795402008-05-20T10:41:00.011-04:002008-05-20T11:24:25.630-04:00

Credit Card Processing: Legally Beat the System and Reduce your Costs Are you tired of paying ever-increasing fees for the "privilege" of accepting credit cards in your business? Some merchants have taken the approach of imposing surcharges on credit card transactions. If you are one of these merchants, let me caution you: IT IS ILLEGAL, and will lead to problems for you so don't do it. The

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-14531398654395532632008-04-24T12:06:00.011-04:002008-04-24T13:04:34.138-04:00

How do you truly know what you're paying?If you've read this blog, or visited my website, you know that I am a strong proponent of total and full disclosure when it comes to merchant services. Unfortunately, in our industry, this stance is rarely taken by providers and reps in the field.As you may already know, there are several different pricing methods in which you may be set up for accepting

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-8026869210526339192008-04-16T20:11:00.006-04:002008-04-16T20:53:04.893-04:00

Happy Spring! There are a couple things in life we can always depend on. One is that April 15th is always the latest tax filing date (unless of course, you get an extension. And, twice a year, in October and April, Visa and MasterCard review their Interchange Rates. And, this spring, they reduced rates.....NOT!!!! As you might imagine, that's not typically the way it goes. More often than not, we

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-86318047599456883892008-03-17T10:46:00.003-04:002008-03-17T10:51:22.240-04:00

14 March 2008 - 10:37MasterCard claims court ruling 'reaffirms legality of interchange'MasterCard has praised the decision of a US appeals court to dismiss an interchange fee lawsuit brought by a group of merchants, saying the ruling reaffirms the "legality" of the current fee structure. The Court of Appeals for the Ninth Circuit upheld a lower court ruling that dismissed a suit brought by a

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com2tag:blogger.com,1999:blog-139646068430194146.post-42001374944665675102008-02-27T16:28:00.006-05:002008-02-27T17:17:08.574-05:00

Have you ever tried to figure out exactly what you're paying for the "privilege" of accepting credit cards in your business? You're not still stuck on the rate you think you're paying, are you? Most merchants, when asked what their current rate is quote their lowest rate they see on their statements. However, in reality, the real, Net Effective Rate is always much higher.Obviously, when you get

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-91612306949222367082008-02-25T11:48:00.009-05:002008-02-25T17:09:19.934-05:00

I have been receiving calls from merchants recently wondering why their fees have been increasing. In many cases, it's not because their rates have changed so much as it is the types of cards that they are accepting. Let's talk more about that.First, let's consider what seems to be going on. Take a look in your mailbox each week. Are you getting an increasing number of credit card offers? I know

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-50220787711573821772008-02-04T11:15:00.000-05:002008-02-04T12:11:33.200-05:00

INC. MAGAZINE PUBLISHES STEPS MERCHANTS CAN TAKE TO MORE ACCURATELY DECIPHER THEIR MONTHLY PROCESSING STATEMENTS Inc. Magazine, a publication targeted for entrepreneurs and small business professionals, recently published an article entitled Cracking the Code, which provides merchants with some pointers on how they can more effectively decipher their monthly processing statements. An

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-56437772286924842862008-01-30T14:41:00.000-05:002008-01-30T14:49:35.824-05:00

VISA SPRING RELEASE: NEW VISA MCC CODES ELIGIBLE FOR NO SIGNATURE REQUIRED PROGRAM Visa has just announced that they are adding eight existing Merchant Classification Codes (MCCs) to be eligible for the No Signature Required (NSR) program. Additionally, Visa will allow two CPS programs to be eligible for the program. These changes are effective this April and the following eight additional

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-45057167429075355812008-01-30T14:27:00.000-05:002008-01-30T14:40:25.244-05:00

MASTERCARD ANNOUNCES REVISED STANDARDS FOR POS TERMINAL/ATM RECEIPT REQUIREMENTS MasterCard has announced that the standards for POS terminal and ATM terminal receipts will become effective on October 1, 2008. Following are the revised requirements: Cardholder receipts generated by an electronic point-of-sale (POS) terminal (attended or unattended) or by an ATM must: Include only the

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com8tag:blogger.com,1999:blog-139646068430194146.post-92197571015506191492008-01-20T10:35:00.000-05:002008-01-20T11:55:26.132-05:00

As I'm sure you're aware, there are two ways to process debit transactions (on-line and off-line). Each would come with it's own specific rate structure. Here is an explanation of the differences and a suggestion on how you may capture more at the best rates possible.Online/PINed DebitPINed Debit transactions, facilitated primarily by ATM cards, require the use of a personal identification number

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-90104909042411742442008-01-18T14:16:00.001-05:002008-01-18T15:39:30.155-05:00

If you're in business, you know that you must accept credit and debit cards for payment. The numbers by industry sources for 2007 have indicated that "payment for goods and services utilizing credit/debit cards, has exceeded that of cash and checks". Like most merchants, you are most likely solicited by phone, fax, email or in person, several times a month. So how do you make a wise choice

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-52979626673967436462008-01-15T22:37:00.000-05:002008-01-15T22:39:57.320-05:00

It wasn't that long ago (3-4 years or so) that when you set up a merchant account for credit card processing, you would get 3 Tier Pricing. In fact, many of you that accept credit cards in your business may still be set up this way. So what is it and how does it work? Let's take a look.Typically, with 3 Tier pricing, you will have three different categories of card transaction types. Let's take a

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-69140429796259855772008-01-15T09:52:00.000-05:002008-01-15T09:56:55.650-05:00

There seems to be a great misconception regarding who is making all the money off of merchants that accept credit cards for payment. The last numbers I recall seeing were from 2006 (2007 numbers aren't quite available yet). During 2006, there were over 7 million merchants in the U.S. alone accepting credit cards. Collectively, they paid over $30 billion in fees for this "privilege".Well, here's

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com2tag:blogger.com,1999:blog-139646068430194146.post-19542018795180828212008-01-14T21:41:00.001-05:002008-10-12T17:21:26.284-04:00

There seems to be a great misconception regarding who is making all the money off of merchants that accept credit cards for payment. The last numbers I recall seeing were from 2006 (2007 numbers aren't quite available yet). During 2006, there were over 7 million merchants in the U.S. alone accepting credit cards. Collectively, they paid over $30 billion in fees for this "privilege".Well, here's

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-33025133110143500192007-11-06T15:20:00.000-05:002007-11-06T15:27:44.240-05:00

Discover How to Finally understand Credit Card ProcessingFees and charges Imagine being able to keep more of your hard-earned money and pay less for the "privilege" of accepting plasticIn 2005, industry trade journals indicated for the first time ever "payment for goods and services with credit cards, has exceeded that of checks and cash" (Green Sheet). As a result, more of your bottom line is

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-65651516583046975812007-10-24T16:06:00.000-04:002007-10-24T16:46:14.976-04:00

Did you know there can be a potentially substantial difference in costs to you, the merchant depending on how you process debit transactions? On-line is when you have the customer enter their pin # into the pinpad. Off-line is when you swipe the card as if it simply a credit card. To the customer, it doesn't matter how you run the card since they know it is simply coming out of their bank

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com3tag:blogger.com,1999:blog-139646068430194146.post-65374563865517252332007-09-29T20:08:00.000-04:002007-09-29T20:18:33.433-04:00

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

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0tag:blogger.com,1999:blog-139646068430194146.post-41384307537403685712007-09-27T09:31:00.000-04:002007-09-27T16:43:18.412-04:00

This is not a solicitation for your credit card processing business This is an educational blog to answer your questions and guide youto make more informed decisions regarding merchant servicesRates continue to increase so... YOU NEED TO UNDERSTANDCredit Card Processing FeesAnd how the industry worksin order toSAVE YOUR BUSINESS MONEY I'm a seasoned, semi-retired, pro and I don't need your

Maxxhttp://www.blogger.com/profile/08161271397606067955noreply@blogger.com0