By
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 »
By
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 …
By
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 »
By
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 …
By
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? PCI stands for “Payment Card Industry,” and it’s the first part of two-part acronym that refers to security guidelines for businesses that accept credit cards. The full acronym is PCI …
PCI Compliance is Required – Now Validation is, Too Read More »
By
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. The settlement is seen as a victory by many fighting for interchange reform, but at least three plaintiffs in the case feel it doesn’t go far enough. …
By
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 …
By
Credit card processing statements are full of confusing acronyms and opaque fees. We can help you figure out what they are and how to lower your costs if your fees are adding up to an expensive processing solution. What is a POS WATS Fee? As mentioned above, the pos wats fee is a fee you’ll see …
