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Daily and monthly discount refer to when a credit card processor deducts fees from your business checking account for processing your credit card transactions. There’s a big difference between the two, so give careful thought to which method is best for your business.
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Interchange pass through pricing is a form of credit card processing pricing that allows the actual cost of processing (interchange fees & assessments) to be passed directly to your business.
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Credit card terminal leases benefit processors not you. Don’t fall into the trap of leasing machines.
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Visa has scrapped what it was calling the Network Participation Fee in place of the Fixed Acquirer Network Fee due to become effective on April 1, 2012.
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Processors must report all settled payment card transactions under section 6050w. And they must perform backup withholding at a rate of 28% for merchants that have incorrect TIN or tax filing names.
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We’re always talking about how to lower credit card processing fees. In this post, we’ll take a break from the norm to discuss five sure-fire ways to get ripped off by credit card processors.
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Many businesses wonder: Is it legal to require a minimum purchase amount for card transactions?
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The Dodd-Frank Wall Street Reform and Consumer Protection Act, enacted in response to the late-2000s recession, contains the most comprehensive set of changes to financial regulation in the United States since the Great Depression.
