By
It’s a common situation – you’re considering a new credit card processor, maybe browsing a website or talking to a salesperson, when you’re offered a savings analysis. Perhaps you get a cold email from a processing rep. The website text or salesperson says that it’s free and will show you how much you can save …
The Dangers of Credit Card Processing Savings Analyses Read More »
By
In this article, we’ll clear up these credit card processing misconceptions to help you avoid common pitfalls and misleading sales spin. Misconception 1: Flat Rate Pricing is the Cheapest Flat rate pricing, where a processor offers you a fixed rate for transactions, looks simple. Instead of various interchange rates, you’ll just see one rate. Companies …
By
1. You have Non-Qualified Rates Check your statements. Do you see the word “non-qualified” or any variation? (NQUAL, nonqual, etc.) If so, you’re paying too much for credit card processing. Huge red flag. 1a. Did you search for a processor based on “rates” and then sign up with the lowest, with a rate of 1.5% …
3 Ways to Tell if You’re Paying Too Much for Credit Card Processing Read More »
By
Disreputable processors range from deceptive to outright scam, and it’s important to know what you’re getting into when you’re choosing a credit card processing company. Take a look at what this business owner was told about hidden fees, cancellation fees, equipment, and more to learn what to watch out for so you can avoid making …
By
The company’s culture is defined by a well-documented history of rampant scams, fraud, lawsuits, and even being sued in federal court for racketeering. Here’s a piece of advice if you’re thinking of leasing a credit card machine from Northern Leasing – don’t. Update: Subsequent to the June 2020 proceeding, the Office of the Attorney General …
Northern Leasing Systems Lawsuit, Scams, and Review Read More »
By
Okay, the offer doesn’t usually include a unicorn, but it might as well for all the good it does you if you’re trying to secure competitive pricing. Credit card processors that offer cash if they can’t “beat” or match your current processing rates will use a variety of tactics to get your business, and manipulate …
The Truth Behind “We’ll Give You $500 if We Can’t Beat Your Rates” Offers Read More »
By
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 …
By
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.
