Credit Card Processing

SBA & Marco Carbajo Negligence Misleads Small Businesses

Despite repeated requests to correct its content, the SBA has chosen to mislead small businesses. On September 10, 2013 the SBA posted an article titled The Best Credit Card Processing For Small Business Owners, written by guest blogger and affiliate marketer Marco Carbajo. In the article, Marco Carbajo makes numerous false statements in an attempt…

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A dangerously erroneous article recently posted by the Small Business Administration is misleading small businesses, and the SBA has carelessly ignored repeated calls to have the article removed or corrected.

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Credit Card Processing

Credit Card Processor Reviews: Don’t be a Sucker

Before you get gouged by a so-called “five star” processor, be sure you know the motivation of the reviewer, what or whom the review is targeting, and how credit card processing fees actually work. What’s the motivation for the reviewer? Is the review targeting the appropriate company? Pricing and Terms are Set on Per-Business Basis…

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Think twice before staking your business’s credit card processing on speculative processor reviews. Most credit card processor reviews aren’t worth the virtual paper they’re printed on.

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Credit Card Processing

Best Credit Card Processing: Define, Learn, Search

Define Best: What’s Really Important Best Rates — A Big Mistake Learn the Fundamentals of Processing Focus on Markup Pricing Model Terms Search Define Best: What’s Really Important The problem with the word “best” is that it’s subjective. Its meaning is unique to the person using it, and when it comes to credit card processing,…

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You won’t find the best credit card processing unless you define what “best” means for your business, and then learn the fundamentals of processing before setting out in search of a processor.

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Credit Card Processing

Free Credit Card Machine = An Expensive Proposition

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. With the 2015 EMV chip card switchover, the “free” machine offers are becoming even more common. The Economics of “Free” There’s an Exception to Every Rule One-Two Punch:…

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Like the saying goes, “there’s no such thing as a free lunch.” Credit card processors recoup the cost of a free credit card machine through expensive tiered pricing and various other fees.

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Credit Card Processing

Flat Rate Credit Card Processing – Fool’s Gold

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 is an…

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Flat rate credit card processing is an expensive illusion based more on clever marketing than reality. What some companies advertise as a competitive flat rate is actually oversimplified and expensive pricing that conceals the true costs to process.

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Credit Card Processing

Credit Card Surcharges: Charging Fees for Using Cards

The settlement will allow businesses to reduce the impact of credit card processing fees. However, there are many rules businesses must follow in order to charge checkout fees, as well as pros and cons that should be considered before deciding if surcharging your customers when they use credit cards is the right move for your business….

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A 2013 class action lawsuit against Visa and Mastercard resulted in a settlement that allows businesses to charge their customers a fee for using credit cards — commonly referred to as “merchant surcharges” or “checkout fees.”

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Credit Card Processing

Credit Card Processing Companies: A Who’s Who

This article aims to give a sense of the players involved in keeping this system running smoothly, and to shed some light on what credit card processing fees actually pay for. Card Brands (Visa/MasterCard) Issuing and Acquiring Banks Credit Card Processors/Merchant Acquirers Independent Sales Organizations (ISOs) & Member Service Providers (MSPs) Aggregators Integrated Software Vendors…

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From a business’s point of view, credit card processing is an amazingly straightforward system — swipe, sign, and the customer leaves with her purchase. However, making a customer’s experience so hassle-free requires a complex array of companies working behind the scenes to ensure that credit card payments are processed securely and efficiently.

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Credit Card Processing

Intuit Merchant Services = Hidden Fees & Fine Print

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 determine if you’re overpaying….

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Hidden surcharges, fine print and tiered pricing combine to make Intuit Merchant Services one of the most expensive, opaque credit card processing solutions on the market today.

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