Merchant Account Glossary Terms
Merchant Surcharge – What is It and How Does it Work?
Merchant surcharge rules are contentious and continue to be a source of debate in the United States. A merchant surcharge program allows for a convenience fee that a business may charge its customers in addition to the base price of an item or service when paying via credit cards and debit cards. Merchant surcharges are
How to Implement a Cash Discount Program and Lower Your Merchant Processing Fees
A cash discount refers to a reduction in the price paid for goods or services which sellers offer customers in order to incentivize cash payments. It’s a common method merchants use to encourage quick payment, reduce fees associated with credit card processing, and improve their cash flow. When implemented correctly, cash discounts programs are completely
How to Read a Payment Processing Statement
The payment processing statement is perhaps the last thing you want to see when you spend your day owning or managing a business. Learn how to read your merchant card payment processing statement by identifying a few key components before requesting a statement analysis from your payment provider. Your merchant card processing statement is a
How Much Does It Cost to Process Credit Cards?
Partnering with a credit card processing company and payment services provider is a great option for growing your business and increasing revenues. However, when business owners first start thinking about accepting non-cash payments, the first question that comes to mind is, “how much does it cost to process credit cards?” What are the advatanges and
High-Risk Merchant Account | High-Risk Credit Card Processing
A high-risk merchant account is an account that is vulnerable to fraud and chargebacks. Payment processing companies arrive at this conclusion after looking at a number of factors which include the nature of business and financial history. A business that requires a high-risk merchant account and high-risk credit card processing service attracts plenty of risks.
High-Risk Merchant Account Authorize Net
Digital payments are on the rise with online payment platforms such as Paypal and Stripe seeing a massive increase in customer usage. However, according to research, most consumers still prefer traditional card services as their payment service provider. Even with online purchases dominating today’s marketplace, savvy entrepreneurs with hard-to-place business types use a high-risk merchant
High-Risk Merchant Account Approval
A high-risk merchant account is a merchant account provided to a business that a payment service provider perceives to be at a greater risk of chargebacks and fraud. Payment processors make this decision based on several factors. These include the nature of the business, its location, and its financial history. If you require a high-risk
How Much is 40 Basis Points | Calculating Bps
Accepting credit card payments for your business comes as a cost. How much is 40 basis points? Read below and we’ll help you understand what you are paying in Bps processing fees when being charged interchange plus pricing for your merchant services. Pricing for merchant services can seem confusing. Merchants need to realize that getting
High-Risk Merchant Account Providers – Specialize in Approvals
A merchant account is needed for businesses to accept and process card payments. However, businesses that are deemed high risk are not allowed to open traditional merchant accounts. High-Risk merchant account providers specialize in the approval of higher risk business types and high risk category merchants. High risk industries require a different approach when it
Basis Points Conversion for Credit Card Processing Rates
Business owners have many things to worry about when it comes to successfully running a business. However, accepting credit card payments while truly understanding the costs associated with merchant services in general should be of significant importance. Learn how the basis points conversion calculation helps determine the actual percentage rate paid when accepting payments for