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What is Surcharging? Simply put, credit card surcharging means adding a fee to the total transaction price when a customer pays with a credit card instead of another method. (Such as cash, check, or debit card.) The fee is a percentage of the total and subject to a cap set by the card brands. This …
Credit Card Surcharging: Charging Fees for Using Credit Cards Read More »
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This article will give a sense of the players involved in keeping this system running smoothly, and shed some light on what credit card processing fees actually pay for. Card Brands (Visa/Mastercard) For all of the advertisements produced by major card brands, companies like Visa and Mastercard are in many ways the players furthest removed …
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The key to lowering your business’s credit card processing expense is not avoiding non-qualified fees. The key is completely eliminating a processor’s qualification altogether. Who Determines Rate Qualification Qualified, mid-qualified and non-qualified rates are set and manipulated by credit card processors through something called tiered pricing. There is one exception – Visa started using the …
Qualified, Mid Qualified & Non Qualified Credit Card Processing Rates Read More »
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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. …
Intuit Merchant Services = Hidden Fees & Fine Print Read More »
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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.
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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. Rates & Fees Pricing for Intuit’s GoPayment service depends primarily on whether you use QuickBooks Online or …
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Square Up’s credit card processing service causes many businesses to mistake simplicity for competitiveness.
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Keep in mind that Visa and Mastercard don’t impose fees on businesses that are PCI non-compliant – that decision comes from your processor, so it’s purely a for-profit charge for them. Processors are not required to charge you a non-compliance fee. Let’s take a closer look at PCI non-compliance fees and how you can avoid …
