Visa and MasterCard have begun what will likely be a long push to bring EMV to the United States. For financial institutions, this means issuing cardholders new credit cards and updating networks to process EMV data. For businesses, this will mean purchasing new EMV-capable credit card processing equipment.
EMV chip cards were commonplace in Europe well before they made the leap to the United States. Nowadays, they’re ubiquitous.
GoPayment is consistent with the high rates, bundled pricing and fine print that plague Intuit credit card processing services in general. There are several alternatives to GoPayment that offer lower rates, more transparent pricing, and easier sign up. (Published) Rates & Fees What You Will Really PayExcessive Surcharging Card Swiper & Compatible Devices Sign Up […]
GoPayment is a mobile credit card processing service from Intuit that allows a user to process credit card transactions from an Apple or Android-powered device.
Square Up’s credit card processing service causes many businesses to mistake simplicity for competitiveness.
Square credit card processing isn’t a good fit for every business. It’s best suited for individuals or businesses with low or sporadic sales volume or a low average sale amount.
Note that Visa and Mastercard do not impose fees on businesses that are PCI non-compliant – that decision comes solely from your processor, making a PCI non compliance fee a pure profit charge for processors. Processors are not required to charge you a non-compliance fee. Let’s take a closer look at PCI non-compliance fees and […]
Processors use PCI non-compliance fees as an expensive monthly reminder to prompt businesses to become PCI compliant.
Some credit card processors charge a PCI fee and provide no compliance support, others charge a fee for providing compliance scanning and assistance, and some don’t charge a fee at all. So how do you know if you’re being charged fairly? Let’s take a look. What is PCI? PCI Compliance Fees The Processor Charges a […]
Is a PCI fee just another junk credit card processing fee, or is it a legitimate charge? Actually, it’s both.
Every business that takes credit cards is required to comply with PCI standards, no matter how few credit card transactions it processes. What is PCI? Secure Card Processing Network Protect All Cardholder Information Protect Your Systems Against Malware Put Access Control Measures in Place Monitor and Test Your Networks Create and Maintain an “Information Security” […]
PCI compliance is a set of rules for the security of credit card transactions. It’s split into 12 basic requirements grouped into 6 categories to help businesses and payment processors create and maintain a reliable, secure processing system.
Many large plaintiffs oppose the current Visa and MasterCard settlement, and the fight looks far from over. Update: December 13, 2013 — According to the Wall Street Journal, a judge cleared the swipe-fee settlement. Earlier this month, Visa, MasterCard and several of the nation’s largest banks settled an antitrust suit with a group of seven […]
Visa, MasterCard and several of the nation’s largest banks settled an antitrust suit with a group of seven million retailers. The suit, which dates back to 2005, accuses the card networks and banks of conspiring to fix interchange fees that businesses pay to process credit and debit cards.
Unnecessarily high debit card transaction fees are an easily correctable source of significant losses for many businesses. Understanding debit card transaction fees and the difference between signature debit and pin debit transactions will save your business thousands in processing fees. Feel free to jump down to the Signature Debit Vs Pin Debit Cost section if […]
Contrary to popular belief, PIN debit transactions incur more than just a flat fee, often making signature debit transactions cheaper to process. Understanding the ins and outs of debit card transaction fees will ensure you’re not losing hard-earned money pennies at a time.
Use the secrets that credit card processors don't want you to know to drastically lower your credit card processing fees.
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