Credit Card Processing

Square’s Transaction Fees and Equipment Leasing

You’ll want to avoid that rate if low cost is your priority. The per-transaction fee is imposed for businesses with an average sale under $10 when using the quote request (called custom pricing) sign up option on Square’s website. Additionally, the company is now offering equipment leases, a practice that we generally advise against here…

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Payment processing company Square has built a reputation on offering simple, flat-rate credit card processing for small business. The well-publicized 2.75% rate was a good deal for businesses with small average transactions or low monthly credit card sales. While that pricing is still an option, businesses should be aware that the company can also charge a second rate with a per transaction fee.

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Credit Card Processing

Amex’s OptBlue Backfires for Small Businesses

How is it possible that American Express cards costs cost less than ever to accept, but businesses aren’t paying less? The answer is pretty simple: credit card processors are pocketing the difference. Amex Introduces “OptBlue” The General Concept The Plan Backfires – Sort Of Perception Works Against Amex The Real Cost of OptBlue Oversight Exceptions,…

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A sneaky thing is going on with the cost businesses pay to accept American Express cards. Recent changes have made it cheaper than ever to accept Amex, but business’ credit card processing statements aren’t reflecting the cost reduction.

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Credit Card Processing, ecommerce

PayPal Business Options – Accepting PayPal Through Your Site

Since its beginnings almost 20 years ago, PayPal has expanded to offer additional services, but there’s a lot of confusion surrounding credit card processing with PayPal. If you take credit cards online, chances are you’ve wondered if it’s worthwhile to offer PayPal acceptance. Many businesses think that if they want to accept PayPal, they have…

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Anyone who has made a purchase online in the past decade is likely familiar with PayPal. The company, once part of eBay, originated as a ‘middle man’ between online sellers and buyers, offering protection. A buyer didn’t have to hand over their credit card information directly to a seller, and both buyer and seller would have a neutral third party to mediate any problems.

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Uncategorized

Free Credit Card Processing – What’s the Catch?

However, some credit card processors are now offering “zero fee” processing as a way to seemingly get around interchange fees and attract businesses to use their services. Obviously there’s a lot of fine print involved, and it’s important to understand these “zero-fee” programs before signing up for one of these services. While they may seem…

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You’re probably already aware that you pay an interchange fee anytime a customer pays with a credit card. Interchange fees are generally the most expensive component of credit card processing costs, and they’re non-negotiable.

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Fattmerchant Credit Card Processing – Does it really compare?

Fattmerchant Charges a Markup – Just Not a Percentage Fattmerchant is putting a trendy spin on its credit card processing markup, but it does still charge a markup. The more accurate statement is that Fattmerchant doesn’t charge a percentage markup. Instead, it charges a higher monthly fee and a per-transaction fee. Those costs are in…

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Anyone who comes across Fattmerchant probably perks up at the promise of no markup for credit card processing. The ability to take credit cards and not have to pay a markup to the processor? Sounds great! But before you rush to sign up, let’s take a look at what it really means and how to accurately compare your options.

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Credit Card Processing

Visa EIRF

EIRF is a Visa interchange category that indicates a downgrade. Transactions qualify for EIRF when they don’t meet the criteria for categories with lower rates. For example, a transaction that is keyed-in to a terminal without address verification information instead of being swiped may fall into the EIRF category.

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EIRF is a Visa interchange category that indicates a downgrade. Transactions qualify for EIRF when they don’t meet the criteria for categories with lower rates.

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ecommerce

Shopify vs. Volusion vs. BigCommerce: What Should You Use?

There’s a lot to consider when starting your own ecommerce website, but we’ll help sort it out in this comparison guide. We’ll look at the most cost-effective solutions from the three big providers in the ecommerce space, Shopify, BigCommerce, and Volusion. Continue reading for details about monthly fees, transaction costs, payment solutions, marketplaces, social media…

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Ecommerce has fundamentally changed how we act as consumers, with 7.5% of all US retail transactions happening online. It’s an exciting time to be a retailer, and the days of having to setup an ecommerce store from scratch are long behind us.

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Credit Card Processing

POS System Cash Register Replacement

However, a POS is more than just a cash register replacement. These systems are part of an integrated business platform that can scan, process, and track transactions, manage inventory, streamline accounting, enable customer marketing, and much more. If you’re looking to update the technology in your business, a simple cash register won’t do. Here are…

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The most vital tool for any business is a machine to process sales.

It wasn’t that long ago that the only affordable option available was a basic cash register, which included a cash drawer, receipt printer, and occasionally a card reader. These days, however, advancements in technology have replaced the basic cash register with more advanced point-of-sale systems.

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