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As with many things in credit card processing, it’s complicated. Interchange, as set by Visa and Mastercard, is non-negotiable. It isn’t possible to get lower rates or fees than what Visa and Mastercard publish. But that’s not the full story. Two factors – one malicious, one not – play a role in whether you can …
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In fact, there are two areas where it can excel: debit routing and fraud prevention. In this article, we’ll look at the first one – how AI can help save your business money through debit card interchange optimization. Debit Routing Background In order to cover the possible benefits of AI for debit routing, it’s important …
AI for Debit Routing: Saving on Debit Transactions Read More »
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Tap on phone (or tap to phone as Visa calls it and tap to mobile for Amex and Discover) is a contactless payment method where customers tap a seller’s smartphone instead of a credit card machine to pay. In this article, we’ll go over contactless payments and specifically tap on phone. What are contactless payments? …
The Rise of Contactless Payments and Tap on Phone Read More »
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However, Zettle isn’t only for businesses that take cards in various locations. The readers can also be paired with an iPad and accessories to create a sleek, modern point of sale system in a fixed location. In this PayPal Zettle overview, we’ll go through the features, hardware options, and costs to help you determine if …
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It’s a common situation – you’re considering a new credit card processor, maybe browsing a website or talking to a salesperson, when you’re offered a savings analysis. Perhaps you get a cold email from a processing rep. The website text or salesperson says that it’s free and will show you how much you can save …
The Dangers of Credit Card Processing Savings Analyses Read More »
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As swindlers find it more difficult to rob consumers by impersonating them at brick-and-mortar registers or by skimming their card information, they’re turning to online card-not-present attacks. The Fraud Picture A December 2018 survey by global data and analytics company Lexis-Nexis Risk Solutions found that online fraud attempts had risen by 35 percent from a …
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Credit card processing isn’t cheap. But it doesn’t have to be as expensive as many business owners think. In this article, I’ll cover the different types of price increases, which ones are avoidable, and how to stop them. Types of Price Increases When your processing rates go up, it could be because Visa and Mastercard …
My Credit Card Processor Raised My Rates – Now What? Read More »
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The method to go about choosing the right credit card processor is very similar whether you’re taking cards for the first time or switching processors from your existing solution. The only real difference is equipment considerations. This article will go over what you need to look for (and avoid!) in order to choose a merchant …
