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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 […]
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 […]
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 […]
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 […]
The Remedy Payment Solutions Chargeback Assistance Team has noticed an increase in telephone fraud over the summer months. In an abundance of caution, we urge you to educate yourself and your employees today some of the schemes used to perpetrate crimes against merchants. A Recurring Retail Store Scheme: Fraudsters choose a particular product to examine […]