If you're considering a flat rate credit card processing company, here's what you need to know. What is flat rate pricing? Flat Rate Pricing is An Illusion Truly Competitive Pricing vs. Flat Rate Pricing Interchange Plus Pricing Arguments for Flat Rate Pricing Known Costs Small Tickets What is flat rate pricing? Flat rate i...

What is Surcharging? Simply put, credit card surcharging means adding a fee to the total transaction price when a customer pays with a credit card instead of another method. (Such as cash, check, or debit card.) The fee is a percentage of the total and subject to a cap set by the card brands. This cap can be superseded by state law. The surchar...

This article will give a sense of the players involved in keeping this system running smoothly, and shed some light on what credit card processing fees actually pay for. Card Brands (Visa/Mastercard) For all of the advertisements produced by major card brands, companies like Visa and Mastercard are in many ways the players furthest removed from b...

The key to lowering your business's credit card processing expense is not avoiding non-qualified fees. The key is completely eliminating a processor's qualification altogether. Who Determines Rate Qualification Qualified, mid-qualified and non-qualified rates are set and manipulated by credit card processors through something called tiered pric...

Intuit markets its credit card processing services under a few different brands such as Intuit Payment Solutions, Innovative Merchant Solutions, QuickBooks Payments, and GoPayment. Whatever it's called, Intuit Payment Solutions is an expensive way to process credit cards. In this article, we'll look at Intuit's current fee structure and how to d...

Note: The official liability shift for chip cards happened in 2015. We're leaving this article for historical purposes and because it provides general information about EMV chip technology. While there were costs associated with a transition to EMV, benefits came in the form of increased security, reduced fraud, and even expanded marketing oppor...

GoPayment is consistent with the high rates, bundled pricing and fine print that plague Intuit credit card processing services in general. There are several alternatives to GoPayment that offer lower rates, more transparent pricing, and easier sign up. Rates & Fees Pricing for Intuit's GoPayment service depends primarily on whether you use ...

Square has oversimplified credit card processing. This has allowed the company to grow rapidly, but at the expense and frustration of many of its users - frustration that comes in the form of deposit limits, frozen funds, and poor customer service. That's not to say you shouldn't use Square. Just be aware of the pros and cons before signing up b...

Keep in mind that Visa and Mastercard don't impose fees on businesses that are PCI non-compliant - that decision comes from your processor, so it's purely a for-profit charge for them. Processors are not required to charge you a non-compliance fee. Let's take a closer look at PCI non-compliance fees and how you can avoid them. What is PCI? PCI...

Every business that takes credit cards is required to comply with PCI standards, no matter how few credit card transactions it processes. What is PCI? PCI stands for "Payment Card Industry," and it's the first part of two-part acronym that refers to security guidelines for businesses that accept credit cards. The full acronym is PCI DSS, which st...