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You are virtually guaranteeing that you will overpay for credit card processing if you’re comparing processors based on which ones are willing to provide a free terminal. The Economics of “Free” Credit card processing is a for-profit business, and the average basic machine costs a processor anywhere from $100 to $300. If a processor provides …
Free Credit Card Machine = An Expensive Proposition Read More »
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When you’re deciding how to take credit cards, the equipment you purchase is a big decision. In this article, we’ll tackle major brands, popular features, processor compatibility, and more. Need specifics on particular machines? Be sure to check out our credit card machine directory. You can also request quotes for processing and for purchasing machines …
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Some credit card machine companies also provide merchant accounts, while others are solely equipment manufacturers. We’ll take a look at why that matters and give a rundown of the major equipment providers in the United States. This article is specifically about credit card machine companies, not the machines themselves. Need details on particular machines? Check …
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But even if your machine still works, there are other factors to consider, including security, modern payment methods, and customer experience. In this article, I’ll go over key considerations to help you weigh the timing for upgrading your processing equipment. Obvious Signs That It’s Time for a New Credit Card Machine Of course, the most …
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As with many things in credit card processing, it’s complicated. Interchange, as set by Visa and Mastercard, is non-negotiable. It isn’t possible to get lower rates or fees than what Visa and Mastercard publish. But that’s not the full story. Two factors – one malicious, one not – play a role in whether you can …
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In fact, there are two areas where it can excel: debit routing and fraud prevention. In this article, we’ll look at the first one – how AI can help save your business money through debit card interchange optimization. Debit Routing Background In order to cover the possible benefits of AI for debit routing, it’s important …
AI for Debit Routing: Saving on Debit Transactions Read More »
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Tap on phone (or tap to phone as Visa calls it and tap to mobile for Amex and Discover) is a contactless payment method where customers tap a seller’s smartphone instead of a credit card machine to pay. You may also hear this referred to as “SoftPOS” short for software POS. In other words, a …
The Rise of Contactless Payments and Tap on Phone Read More »
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However, Zettle isn’t only for businesses that take cards in various locations. The readers can also be paired with an iPad and accessories to create a sleek, modern point of sale system in a fixed location. In this PayPal Zettle overview, we’ll go through the features, hardware options, and costs to help you determine if …
