Alternate Payments
Is it Legal to Charge a Credit Card Fee? – SecureGlobalPay
Many businesses come to us asking whether it’s legal to pass on the processing costs to their customers. The short answer? Yes, but with some caveats. To give you a more nuanced answer, we have to delve into a web of regulations, types of fees, and best practices that merchants need to follow. So in
What is a Convenience Fee and How it Differs from a Surcharge
Over the past few years credit cards have become the most used payment method. For many businesses out there, this means high credit card processing costs — and lower profits. One common way merchants can reduce some of the costs associated with accepting credit card payments is to charge a convenience fee. In this article,
How to Implement a Merchant Surcharge Program
In 2022 alone, US merchants paid a record 161 billion in processing fees. As the number of credit card purchases continues to increase, it’s unsurprising to see more and more merchants implementing surcharge programs in an effort to lower their processing costs. Currently, it is estimated that 5-10% of US businesses who already accept credit
Dual Pricing in Credit Card Processing – No Transaction Fees
Rising credit card processing fees have been putting pressure on merchants for a while, and the landscape keeps getting worse. Towards the end of 2023, Wall Street Journal published how Visa and Mastercard plan to increase their rates, costing merchants an additional $502 million annually in processing fees. Learn how dual pricing merchant services and
CBD Business Payment Processing – Fast Approvals
CBD has become a household name in North America, mainly because of the product’s health benefits. This demand will push more sales, and robust CBD business payment processing and cannabis payment solutions will be essential when generating new revenue streams. Finding seasoned CBD credit card payment processing companies that understand this business model is a
Will Stripe Do Merchant Processing for Auction Sites?
Online auction sites are great platforms for buying and selling products, finding deals, and purchasing homes or businesses. These platforms are popular because buyers and sellers can exchange goods at preferred prices through a bidding process. Online auction sites and auction businesses are a $739.2 billion industry in the United States alone. As a thriving
Cryptocurrency Merchant Services for High-Risk Merchants
The buying and selling of Bitcoin, Litecoin, Ethereum, Ripple, and other crypto coins can be compared to money transactions. In order to establish a solid cryptocurrency merchant services account to buy and sell crypto, merchants turn to an experienced high-risk processor. Cryptocurrency coins, in simple terms, are computer files kept in digital wallets. People can
Cryptocurrency Merchant Processing for High-Risk Merchants
A cryptocurrency is a digital currency and unlike other digital currencies that came before it, generates a value not dependent on “fiat money”–the physical cash or different currencies that we all know and spend. Credit card processing merchants who are unable to receive standard approvals for their merchant services can now accept Bitcoin, Litecoin, Ethereum,
Merchant Provider Deplatforming
The Challenge to the Public Square Social media providers like Facebook and Twitter have pioneered a whole new definition of what constitutes ‘the public square.’ The concept of a town square, where individuals can go to proclaim their thoughts and concerns, is an old one. It is rooted deeply in our pre-industrial past. It is
A Cryptocurrency Merchant Account To Grow Your Business
Cryptocurrencies are no longer the flavor of the month. Crypto Coins have rapidly grown in popularity to become part of the fabric of worldwide commerce and finance in a very short space of time. Business owners now recognize the need to obtain a cryptocurrency merchant account. With a cryptocurrency payment services account you can start