Credit Card Processing
1.54% “Flat Wholesale Rate”
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Sometimes it’s easier to explain pitfalls in credit card processing by using real situations our clients have encountered. The 1.54% “flat wholesale rate” is one example.
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Credit Card Processing
Are Credit Card Processing Fees Negotiable?
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Some credit card processing fees are negotiable, and some aren’t. If you’re looking to lower credit card processing fee, put the spreadsheet aside for a moment and read this article before you call another processor to ask the fateful question, “What’s your rate?”
Credit Card Processing
Understanding American Express Merchant Services
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In the past, American Express was the most expensive credit card to accept; a reputation that it hasn’t shaken despite introducing a new pricing structure to bring costs more in line with other card brands.
Credit Card Processing
How to Read an Intuit Merchant Statement
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Understanding an Intuit merchant statement means reading between the lines.
Credit Card Processing
Can I Reprogram My Credit Card Machine For Different Processors?
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Businesses that are considering switching credit card processors wonder, “Can I use my credit card machine with another processor?”
Credit Card Processing
(Evil) Tiered Pricing Merchant Account Services
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Tiered merchant account pricing is currently the most common form of pricing for credit card processing services. Tiered pricing is opaque, expensive and is the vehicle for many of the hidden fees that plague the credit card processing industry.
Credit Card Processing
Reading A Credit Card Processing Statement
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It’s not enough to simply read a merchant processing statement; the real goal is to understand what you are reading, where your money is going, and to determine whether your business has competitive credit card processing fees.
Accounting and Finance
Online Sales Tax Rules for Ecommerce Businesses
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In 2018, the Supreme Court ruled in South Dakota v. Wayfair that states can require businesses to collect sales tax in states where they don’t have a business presence.