Kratom Merchant Accounts: What You Need to Know

Some credit card processors simply lump kratom with marijuana and refuse to provide merchant accounts for either substance. Others are willing to provide merchant accounts for kratom, but you can expect to go through a lengthier approval process and pay fees that reflect kratom’s high risk processing status. What is “high risk” processing? High risk …

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Clover Monthly Fees: Choosing a Pricing Plan

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 As of autumn 2022, there are five choices for Clover credit card processing equipment: Go, Flex, Mini, Station, and Station 2018. In …

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Level III Credit Card Processing: Large Tickets, B2G, and Purchasing Cards

Visa and Mastercard have separate interchange categories for level III transactions, so providing all of the required information can result in savings if your business accepts a lot of cards that are level III eligible. However, not all cards are level III eligible, and not all gateways are capable of passing level III data. Let’s …

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Cash Discounting for Credit Card Fees: Is It Legal?

The short answer: yes, when done correctly. The longer answer is that there’s a lot of confusion about the difference between “cash discounts” and “surcharges,” or “checkout fees” and that confusion has led to labeling surcharge programs as cash discount programs. Let’s look at the differences between the two and how you can stay on …

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