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Visa and MasterCard have begun what will likely be a long push to bring EMV to the United States. For financial institutions, this means issuing cardholders new credit cards and updating networks to process EMV data. For businesses, this will mean purchasing new EMV-capable credit card processing equipment.
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GoPayment is consistent with the high rates, bundled pricing and fine print that plague Intuit credit card processing services in general. There are several alternatives to GoPayment that offer lower rates, more transparent pricing, and easier sign up. Rates & Fees Pricing for Intuit’s GoPayment service depends primarily on whether you use QuickBooks Online or …
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Square Up’s credit card processing service causes many businesses to mistake simplicity for competitiveness.
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Note that Visa and Mastercard do not impose fees on businesses that are PCI non-compliant – that decision comes solely from your processor, making a PCI non compliance fee a pure profit charge for processors. Processors are not required to charge you a non-compliance fee. Let’s take a closer look at PCI non-compliance fees and …
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Some credit card processors charge a PCI fee and provide no compliance support, others charge a fee for providing compliance scanning and assistance, and some don’t charge a fee at all. So how do you know if you’re being charged fairly? Let’s take a look. What is PCI? PCI DSS stands for Payment Card Industry …
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Every business that takes credit cards is required to comply with PCI standards, no matter how few credit card transactions it processes. What is PCI? PCI stands for “Payment Card Industry,” and it’s the first part of two-part acronym that refers to security guidelines for businesses that accept credit cards. The full acronym is PCI …
PCI Compliance is Required – Now Validation is, Too Read More »
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The suit, which dates back to 2005, accuses the card networks and banks of conspiring to fix interchange fees that businesses pay to process credit and debit cards. The settlement is seen as a victory by many fighting for interchange reform, but at least three plaintiffs in the case feel it doesn’t go far enough. …
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Unnecessarily high debit card transaction fees are an easily correctable source of significant losses for many businesses. Understanding debit card transaction fees and the difference between signature debit and pin debit transactions will save your business thousands in processing fees. Feel free to jump down to the Signature Debit Vs Pin Debit Cost section if …
