When you need money for your small business, it may be tempting to take a merchant cash advance, or an advance of money against your future credit card sales. Your credit card processing company (or other cash advance provider) will deposit money into your bank account, which you will then pay back through daily automatic […]
You’re setting yourself up for an expensive failure by shopping for the “best credit card processing rates.”
A recent class action lawsuit against Visa and MasterCard resulted in a settlement that allows merchants to start charging their customers a fee for using credit cards — commonly referred to as merchant surcharges or checkout fees (these terms are used throughout this article interchangeably).
Knowing how to spot bait-and-switch pricing will save time and money.