In a recent article, I address some questions most merchants DON’T ask, but should.
The first part of the article is geared towards new merchants. New merchants need to decide IF they will benefit from a merchant account. Most merchants will benefit from the marketing value alone associated with the Visa and Mastercard logos. It is also important to accept all forms of payments that your customers have available.
I recommend new terminals over used terminals for the following reasons. M... Read Full Story
In a recent article, I address some questions most merchants DON’T ask, but should.
The first part of the article is geared towards new merchants. New merchants need to decide IF they will benefit from a merchant account. Most merchants will benefit from the marketing value alone associated with the Visa and Mastercard logos. It is also important to accept all forms of payments that your customers have available.
I recommend new terminals over used terminals for the following reasons. M... Read Full Story
Preliminary numbers for the first quarter show a decrease of just under 18% in credit card processing volume for my portfolio compared to same quarter results last year. Good news, you say? Actually, the good news is that processing fees decreased closer to 30% from same quarter numbers. So, while processing volume is down, fees are down tremendously. The MAIN REASON fees are down is directly attributable to the increase in the use of debits cards as the main form of payment. Industry-wide, Q... Read Full Story
Preliminary numbers for the first quarter show a decrease of just under 18% in credit card processing volume for my portfolio compared to same quarter results last year. Good news, you say? Actually, the good news is that processing fees decreased closer to 30% from same quarter numbers. So, while processing volume is down, fees are down tremendously. The MAIN REASON fees are down is directly attributable to the increase in the use of debits cards as the main form of payment. Industry-wide, Q... Read Full Story
This is one of the most common questions I encounter. The answer of course depends on how you conduct business, more importantly how you charge for your services.
The most accurate answer is “yes”. However, most people asking this question are really asking about a physical machine located at the place of business. With the advent of technology, most businesses can accept credit card transactions with the assistance of virtual terminals such as internet portals or automated voice ... Read Full Story
This is one of the most common questions I encounter. The answer of course depends on how you conduct business, more importantly how you charge for your services.
The most accurate answer is “yes”. However, most people asking this question are really asking about a physical machine located at the place of business. With the advent of technology, most businesses can accept credit card transactions with the assistance of virtual terminals such as internet portals or automated voic... Read Full Story
