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Tipping has always been an option to show appreciation for good service. If you run a business with tipped employees, you can set up your credit card machine to encourage tips that reward your employees. The way you present the tip prompt, when it appears in the payment process, and how it’s worded or displayed …
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Your merchant account is for a specific business setup. If you’re changing that – for example, going from in-person to online sales or going from a brick-and-mortar restaurant to food truck – you’ll need to update your merchant account as well. If you don’t, you could end up overpaying or worse, having your account closed …
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Over the last couple decades, I’ve fielded thousands of questions about pricing models and written countless blog posts to help clear up confusion about processing fees. But payment processing is a constantly-changing landscape. Over the years new models have joined the fray, such as flat-rate pricing and subscription-based pricing. So it’s worth revisiting a classic …
Is Interchange Plus Still the Gold Standard in 2025? Read More »
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Subscription pricing is becoming more popular as businesses try to find ways to cut credit card processing costs. This type of pricing can be competitive, but there is an element of marketing spin that can sometimes make it seem better than it actually is. Subscription flat rate pricing is available from some processors in the …
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A merchant account monthly minimum fee really isn’t a fee by itself — it’s more like a benchmark.
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However, it’s possible to transition to a new processor smoothly and with minimal disruptions. In this guide, I’ll walk you through the process step by step, from determining if it’s time to switch to actually cancelling your old account. How to Know if It’s Time to Switch Merchant Accounts Before I get into how to …
How to Switch Merchant Accounts without Interrupting Sales Read More »
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Let’s face it: merchant services is a confusing topic for most business owners. And sometimes that’s not an accident. Between intentionally vague terms and sales reps that range from well-intentioned but inexperienced to outright deceptive, it’s no surprise that myths about merchant fees persist. I’ve written about credit card processing for decades and helped thousands …
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There are several choices, each with different costs and features. In this article, we’ll cover the monthly fees for Clover plans, hardware/software compatibility, and what you get with each software plan. Clover Equipment There are currently five choices for Clover credit card processing equipment: Go, Flex, Mini, Station, and Station 2018. In the past, Clover …
