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We expect money transfers between buyers and sellers to take days, not minutes. But is that reasonable in a world where so much of what we do is instant? When we can get customer support, social media updates, responses, or communications within moments of our requests, why do payments take so long? Fortunately, this could …
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Let’s take a look at what the lawsuit claims and what you can do if you process credit cards through Wells Fargo Merchant Services. Wells Fargo Lawsuit The lawsuit – Patti’s Pitas et al v. Wells Fargo Merchant Services – filed in August 2017 in New York, alleged that Wells Fargo charged unauthorized fees and …
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One way that dental practices can become more efficient is through using good dental practice management software. Carestream Dental provides several dental practice management solutions. In this review, we’ll take a look at some of the options, explore features and functionality, and help you decide if it’s a good fit for your dental practice. Carestream …
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In this TanTrack review, we’ll cover features, pricing, and more to help you decide if TanTrack is the right solution for your tanning salon. What You’ll Need TanTrack is POS salon management software. You’ll need hardware with the minimum compatible system requirements. To use the basic features of TanTrack, you’ll need tanning bed timers, cash …
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In this guide to pricing models, we’ll explain the pros and cons of different options. Fundamentals of Processing Fees Before we can get into pricing models, it’s important to start with a basic understanding of processing fees. Every credit card transaction is comprised of three parts: interchange, assessments, and markup. Interchange is the largest component …
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The sneaky part? It’s not a call from your current merchant services company, and the company has no idea about your current rates and fees. The Merchant Services Sales Call There are different versions of the sales call stating that your merchant account rates have increased. The caller attempts to get you to contact the …
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When it comes to ecommerce payments, you have several options. One of the more common ways to collect payments is through a virtual shopping cart, but there are alternatives to this method that each have their own unique benefits. Here’s a list of some of the pros and cons to accepting ecommerce payments in a variety …
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What is a BIN? A Bank Identification Number (or BIN) is the first 6 digits of a credit card number. BINs identify the bank that issued the card and help ensure that transactions are routed correctly. Though you might not give them much thought, BINs are an important part of the transaction process. Mastercard offers …
