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...

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 i...

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 company, while not ide...

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 this short explanation video ...

The executives, who worked for Commerce Payment Systems, are accused of perpetuating a scam against thousands of small businesses and obtaining more than $30 million through overcharging and deceptive tactics. In this article, I will lay out the allegations and show you how to avoid potential scam practices when choosing a credit card processor ...

PIN debit and signature debit transactions have different fee structures. You may pay more for one or the other, depending on the amount of the transaction and other factors. It's important to know when a customer will be prompted for a PIN. EMV Debit vs. PIN Debit First, let’s clear up some confusion about EMV debit and PIN debit. EMV debit ca...

That’s because while recreational marijuana is now available for sale through dispensaries in multiple states, it’s not legal on the federal level. In fact, the federal government lists it as a Schedule I drug, considered as dangerous as heroin. In 2016, Alaska, California, Maine, Massachusetts, and Nevada voted to legalize recreational marijuan...

However, the rise of alternative payment channels has muddied the waters a bit, leaving some businesses confused as to why their transactions are card-not-present (CNP) when they expected card-present (CP.) Types of Transactions Firstly, let’s define “card-present” and “card-not-present.” More than just the physical presence of the credit card,...

Officially termed “credit card factoring” or “credit card laundering,” this type of misrepresentation is illegal. You could end up with fines, lawsuits, and more. Under no circumstances should you sign up for a merchant account for someone else’s business in your name, or allow another business to use your business’ merchant account. Let’s look ...

Today we will discuss the most basic credit card processing device found in a retail business: the standalone credit card terminal. Stand-alone terminals are the simplest and most cost-effective method for accepting card-present transactions (payments where your customer hands you their card) in a retail environment. Although they are the most b...