Shopify gained popularity as an easy-to-use all-inclusive online store builder. But it does come at a cost. In addition to monthly plans, you’ll also pay credit card processing rates that are on the high side. These costs leave many businesses wondering if there’s an alternative to Shopify that doesn’t sacrifice features. The good news? There…
If you run an ecommerce store, you’ve probably heard of Shopify. The platform offers an “all-in-one” solution with integrated payment processing.
However, it’s not without drawbacks. Some restaurants find the commissions (30% or more) to be too steep, while others explain that the delivery app cannibalizes walk-in business. However, plenty of other restaurant owners find that Uber Eats and similar delivery apps do raise sales. Let’s take a look at how it works and what you’ll…
These days, restaurants have a choice of many different delivery apps with whom to partner. Uber Eats is among the largest of those apps.
As First Data and TSYS are competitors, it’s no surprise that TSYS looks to challenge First Data on the equipment front. After First Data’s success with the Clover line of processing machines, TSYS had to do something to catch up. Enter the Vital line. In this article, we’ll compare the Clover equipment and the Vital…
In this corner, Clover: the point of sale and mobile solutions available from processing giant First Data. In this corner, Vital: the newcomer from major processor TSYS. How do they compare?
Founded in 2013 by Stanford students, it has grown to be in over 800 cities and boasts over 200,000 local drivers. With a reach like that, it has the potential to significantly help your business by handling deliveries. How Your Restaurant Would Use It Is DoorDash in Your Area? Signing Up Features The Merchant Portal…
DoorDash is an on-demand food delivery service that uses technology to facilitate door-to-door delivery. Is it a good idea for your restaurant?
There are interchange rates for all Discover card types, including debit, credit, international, and commercial cards. The fee varies by entry method (in-person, keyed, or recurring) as well. In this article, we’ll include the interchange rates grouped by card type. What are interchange fees? Discover Interchange Rates Credit Interchange Rates Debit Interchange rates Regulated Debit…
When you accept Discover cards at your business, you’ll pay fees to Discover, called interchange. These rates vary by card type, entry method, and other details.
Every time you accept a credit card at your business, you’re charged a fee. Part of that fee comes from interchange, but there are hundreds of interchange categories. Each transaction has a “target” interchange category (and associated cost) that a transaction should qualify for if basic requirements are met. However, if those requirements aren’t met…
An interchange “downgrade” happens when a credit card transaction doesn’t meet requirements for a preferred interchange category.
Many practice use Dentrix practice management software, but if you take credit cards through the software, you know that it’s not cheap. How much money are you leaving on the table, and what are the alternatives? The truth is, how much you can save depends on what you’re paying now and how much of that…
Many practice use Dentrix practice management software, but if you take credit cards through the software, you know that it’s not cheap. How much money are you leaving on the table, and what are the alternatives?
There are a few important considerations: The chargeback protection program costs 0.40% per transaction. That’s not exactly cheap. Not all chargebacks are eligible. In fact, quite a few types are ineligible. “Risky” transactions will require use of 3D Secure anti-fraud tools. 3D Secure already shifts liability in the case of chargebacks. In this article, we’ll…
In June 2019, Stripe announced a new chargeback protection program. For an additional fee, Stripe will cover the cost of some disputed transactions. That sounds good, but is it actually worth it?
Use the secrets that credit card processors don't want you to know to drastically lower your credit card processing fees.
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