Merchant Account
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
Salon Merchant Account – A Comprehensive Guide for Success
Beauty salons must invest in the right technology and payment processing tools to remain competitive in a market that is still recovering. Enjoying the benefits of an efficient salon merchant account can help simplify customer transactions, increase customer satisfaction, and give your salon the edge it needs to thrive. Merchant services for salons & spa
Continuity Subscription Merchants & Recurring Billing
The e-commerce landscape has evolved dramatically, with the subscription-based billing model becoming increasingly popular. This model allows customers to receive regular shipments or access products and services without making individual purchases. To succeed, continuity subscription merchants must navigate the complexities of managing risks. SecureGlobalPay provides continuity merchant services with a merchant account for recurring billing
No Cost Merchant Services – A Comprehensive Guide
No cost merchant services refer to a range of financial services that enable businesses to accept electronic customer payments while reducing or offsetting the fees associated with the services. These services can include credit and debit card processing, point of sale (POS) systems, and online payment gateways. However, traditional merchant services can be expensive, with
Zero Fee & No Fee Credit Card Processing Explained
As businesses rely more on accepting credit card payments, they need reliable and affordable payment processing. No fee credit card processing, also know as zero fee merchant processing is a solution designed to assist compliant merchants in minimizing fees when accepting debit and credit card payments. In this post, we will explain everything you need
Level 3 Merchant Processing – Everything You Need to Know
Level 3 merchant processing is an advanced payment processing solution that provides businesses with higher levels of security and data to help them make smarter decisions. Certain level 3 credit card processing requirements are ideal for large corporations, including state and government-owned businesses, that process a high volume of transactions. Level 2 and level 3
Unattended Payment Processor – A Guide to Assist Merchants
In today’s digital world, the success of a business depends on its ability to process payments quickly, securely, and cost-effectively. To that end, an unattended payment processor offers comprehensive payment processing solutions for unattended business models, outdoor events, vending machines, and kiosks. This guide will help businesses understand the fundamentals of unattended outdoor credit card