KC Payment Blog

Credit card processing cost calculators are hypothetical at best, and comical at worst.

August 30, 2019

Interchange is responsible for the majority of credit card processing expense, and it’s impossible to predict interchange fees until a transaction actually happens. It is…

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Basis points are the basis for charges.

June 14, 2019

A basis point is one-hundredth of a percentage point (0.01%), and it’s the basis for credit card processing pricing. For example, an interchange pass through…

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With credit card processors, bigger isn’t better.

May 10, 2019

Large credit card processors see your business as just a number and offer no benefit over smaller processors. Smaller independent sales organizations (ISO) offer rates…

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Interchange rates are available online.

May 2, 2019

Interchange is the credit card processing industry’s equivalent to wholesale pricing, and the price lists are available online for all to see. Whether you are…

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Take credit card processor reviews with a (big) grain of salt.

April 25, 2019

Many credit card processor reviews are created by people or businesses that are affiliated with the processor(s) they are reviewing. These affiliates write glowing reviews…

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Take PCI DSS seriously — you are liable for a breach

April 16, 2019

PCI DSS stands for payment card industry data security standard. PCI DSS is a set of guidelines set by the card brands to ensure that…

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Free merchant accounts do not exist.

April 9, 2019

Regardless of how many times you see an ad like this on Google, rest assured, free merchant accounts don’t exist. When processors advertise “free merchant…

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Don’t shop for processors; let them shop for you

March 13, 2019

  The best way to shop for credit card processing is to tell processors what you want, don’t ask them what they’re willing to give.…

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Tier Pricing Is Garbage

March 8, 2019

A common pricing model, tiered pricing (sometimes called bundled pricing) is when a processor quotes three rates, called qualified, mid-qualified, and non-qualified. The tiered pricing…

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QuickBooks Credit Card Processing is Expensive.

January 28, 2019

The popular QuickBooks solution only works natively with the company that creates the software, Intuit. While QuickBooks is convenient for keeping your books, if you…

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