Blog

Stay up to date with the latest industry news, tips, and tools! We'll do our best to keep you up to date with any industry changes that may affect your business. Knowledge is power!

CREDIT CARD TERMINAL SHORTAGES

Jun 25, 2021

By now you have probably heard that a shortage of electronic components is delaying the production of everything from vehicles to credit card terminals that read the electronic chip of a credit card. The severity of the global chip shortage has gone up dramatically over the past few weeks and it appears that it is […]

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Credit Card Transactions You Should Never Complete

May 19, 2021

Your Merchant Account is a powerful tool in your business. You have the ability to post charges and credits to credit card accounts. Just because you can perform a transaction, doesn’t mean that you should. Here are some examples of transactions you should stay clear of to avoid having your merchant account suspended or closed […]

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Interchange Fees Increases Delayed Until April 2022

Apr 29, 2021

Interchange fees are set by each card brand (Visa, MasterCard etc.) as a transfer fee between acquiring banks and issuing banks for every credit card transaction. These fees are used to assess charges for merchants and are usually adjusted each year in April and October. The April 2021 scheduled increase has been postponed to April […]

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Everything You Need to Know About Convenience Fees & Surcharges

Jan 27, 2021

Every expense of your business operations reduces your overall profitability. With the economic downturn caused by the COVID-19 pandemic you are likely looking for areas that you can save money or offset expenses by passing them on to your customers. You know, there is an expense in accepting credit cards. The pandemic has caused an […]

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Navigating Contactless Payments

Oct 26, 2020

As a result of the coronavirus pandemic, I believe our relationship with germs is forever changed. And it’s changing the way we, as a society, do life, including how we pay for goods and services. Experts are saying COVID-19 can latch onto currency the same way it can survive on other surfaces. Considering credit cards […]

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