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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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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
New Mastercard Bins – 2 Series Read More »
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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 for
Avoiding Fraud: Takeaways from the Commerce Payment Systems Scandal Read More »
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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
EMV PIN Debit – Common Questions and Problems Read More »
