Merchant Account Fees
Do I Need a Merchant Account to use Paypal?
PayPal was the first to offer an alternative payment method for online sales back in 1998. Because users did not need a credit card to make purchases, it quickly became the favorite way to buy and sell for online auctions. eBay users drove its popularity in the early days and things just took off from…
Read MoreDo I Need a Merchant Account for Stripe?
A merchant account, or merchant processing account to give it a better name, is the term most commonly used for accepting credit card payments similar but different to Stripe. Funds cannot be paid directly into a business’s bank account. Instead, they must first be processed through a merchant account before being paid via ach into…
Read MoreHow To Select a High Risk Merchant Processor
As a business owner, you want your card payment system to work smoothly in the background. You don’t want to hear about problems accepting payments from customers. You don’t want to waste time sorting out card processing difficulties. That’s why choosing a good service provider is critical. This helpful guide is intended to point you…
Read MoreWhat You Pay for a High Risk Merchant Account – Fees, Charges and Reserves
Many businesses that seem totally safe and uncomplicated to you and me, can sometimes be considered high risk by banks and card processing companies. The cumulative effect is that the cost of payment processing services is higher for those businesses than for low risk “regular,” businesses. You may be surprised to learn that old-fashioned bricks…
Read MoreBanking Fees You Should Never Pay
As a small business owner managing your money is one of the most important things you can do for the success of your business. Sometimes small businesses can run into an endless cycle of fees and more fees. That is why it is worth the time it will take to look into fees that are…
Read MoreWhat is Micros аnd How Dоеѕ It Integrate with Poynt?
When discussing Micros аnd How It Integrates with Poynt, we need to focus a bit on some history merchant processing history. MICROS-Rеtаil, thе retail solutions division оf MICROS Systems Inс., is thе lеаding provider оf соmрrеhеnѕivе, bеѕt in сlаѕѕ ѕоlutiоnѕ fоr the wоrldwidе retail аnd dirесt mаrkеtѕ, enabling mеrсhаntѕ tо deliver оn thе сuѕtоmеr еxреriеnсе…
Read MoreAll About Our FREE Mobile Credit Card Reader
It seems that you can do almost anything with a mobile phone and a reliable data connection these days. Many small business owners find they can run their entire small business with one small mobile device. All it takes is the right app and free mobile credit card reader from SecureGlobalPayAnywhere and you can quickly…
Read MoreUnderstanding Merchant Account Fees
Merchant Account Fees-What you need to know! As a merchant account provider, we are always looking for the best pricing solution for each of our customers. The pricing structure and Merchant Account Fees for all merchant accounts can vary wildly from person to person, and business to business. Here at SecureGlobalPay, we work hard to…
Read MoreWhat You Should Know About Costly Downgrade Fees
The term EIRF and/or Standard EIRF (SEIRF) are terms used by Visa and Mastercard to describe their “Electronic Interchange Reimbursement Fee” program. Sadly, this is not a program that will be reimbursing you, the merchant account owner, anytime soon. This is in fact, a fee that will be reimbursed to the bank that processes your…
Read MoreHow the IRS Can Take 28% in Fees From Your Merchant Account!
Every Fall, SecureGlobalPay, through their affiliates receives a notice from the IRS with a list of all our merchants who have an IRS file with an invalid or incorrect business name and/or Taxpayer Identification Number (TIN). This is due in part to the Housing and Recovery Act of 2008: Merchant Tax Reporting. This amendment requires…
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