Blog

Given the current COVID-19 situation, we have seen a rise in contactless payments. To prevent the transmission of the virus, consumers are using mobile wallets to reduce contact with credit/debit card processing terminals. Mobile wallets are apps on your phone that store payment information from credit or debit cards that allow you to use your […]

Visa and Mastercard both introduced new, lower thresholds to their fraud and chargeback programs in October of 2019 with stringent thresholds that may result in merchants shunning the risks of ecommerce transactions and facing fines and fees for excessive chargebacks. It’s important to understand mail order/telephone order transactions differ from ecommerce transactions and some of […]

Lower Credit Card Processing Fees with Level 2 and Level 3 Processing The cost of accepting credit cards is one of the biggest expenses a business faces. It is an unavoidable cost of doing business in a society that rarely carries cash anymore. For any business processing more than $100,000 a month in credit card […]

You may have heard the term “Effective Rate” when it comes to processing credit cards. An effective rate is the percentage of sales you pay for credit card processing. This rate is determined by dividing your total credit card processing fees into the total dollar amount of all transactions submitted in a month. As you […]

You’ve just provided service for a client and you attempt to run their credit card for payment and the card declines. This is always disheartening. You may be inclined to try to run the card again, “just in case”. You run the card a second time and again it is declined.  Your next thought will […]