Credit Card Processing

Credit Card Processing Comparison Charts

Charts are easily manipulated, leaving you to try comparing apples and oranges. Even if the creator of the chart doesn’t intend to mislead, a lack of complete information can be just as detrimental to finding the right solution. When you’re looking for the best credit card processor, the key is to find the right one…

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I’m often asked why this site doesn’t have a lengthy merchant account comparison chart. The answer is simple – these intricate comparison charts are useless.

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Credit Card Processing

Introduction to Samsung Pay

What is Samsung Pay? How does it work? Samsung Rewards What cards work with Samsung Pay? Security How much does it cost? How can I accept Samsung Pay at my store? What is Samsung Pay? Samsung Pay is a digital wallet that can be used with Samsung Galaxy phones in models S6 and later. Users…

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Samsung Pay is a digital wallet available from major electronics manufacturer Samsung.

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Credit Card Processing

Introduction to Apple Pay

Since it’s launch in 2014, Apple Pay has been gaining traction as a payment method for consumers. More businesses are switching to contactless terminals, meaning there will be even more locations that can accept Apple Pay in the future. What is Apple Pay? Apple Pay Online How does it work? Apple Pay on Websites Security…

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By now, most people have heard of Apple Pay, a contactless option to pay using a credit or debit card through your iPhone or Apple Watch. But how does a business accept Apple Pay?

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Credit Card Processing

Digital Wallets: Intro to Apple Pay, Google Pay, Chase Pay, and more

Digital wallets are becoming a more popular way for to pay for goods and services. With choices like Apple Pay, Google Wallet, the upcoming Samsung Pay, and even PayPal, there are plenty of options for customers no matter what kind of smartphone or electronic device they use.

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Digital wallets (like Apple Pay) are a way to pay for goods and services using your compatible smartphone or smartwatch instead of pulling out a physical credit card.

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Credit Card Processing

American Express OptBlue Pricing & Acceptance

Several months ago American Express introduced OptBlue, which is a new pricing structure that will replace the company’s current One Point pricing for most businesses. OptBlue’s pricing functions similarly to that of Visa and MasterCard’s interchange in that processors pay “wholesale” rates to American Express and apply their markup through a cost-plus or tiered pricing model.

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American Express’s OptBlue program provides the possibility of lower Amex fees for businesses that know what to look for.

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Credit Card Processing

Interchange Plus Pricing IS NOT a Silver Bullet

Interchange plus pricing does not guarantee competitive credit card processing fees. It’s just as easy for a processor to overcharge a business using interchange plus pricing as it is with other pricing models, such as tiered.

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As more information becomes available about credit card processing and more people with superficial knowledge write about the topic, interchange plus is often touted as the be-all end-all to opaque billing and high credit card processing charges. This is a dangerously expensive misconception.

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Credit Card Processing

Playing the Credit Card Processing Match Game

Allowing your current credit card processor to match a more competitive offer may sound like a good idea, but it’s a losing proposition that will cost time and money.

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I get it. It’s easier to have your current credit card processor match lower pricing than it is to go through the application and set up an account with a new processor. But, like it or not, there’s no way to win the credit card processing match game, which is why no one ever does.

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