News & Insights
Your Business Pays For Cardholder Rewards.
Banks pass the cost of their cardholder reward programs to your business by charging higher interchange fees on reward-based cards.
Basis Points are the Basis for Charges.
A basis point is one-hundredth of a percentage point (0.01%), and it’s the basis for credit card processing pricing.
Your business pays for cardholder rewards:
Banks pass the cost of their cardholder reward programs to your business by charging higher interchange fees on reward-based cards.
Credit Card Processing Cost Calculators are Hypothetical at best,
Large credit card processors see your business as just a number and offer no benefit over smaller processors.
Bigger isn’t better.
Large credit card processors see your business as just a number and offer no benefit over smaller processors.
Take credit card processor reviews with a (big) grain of salt.
Many credit card processor reviews are created by people or businesses that are affiliated with the processor(s) they are reviewing.
Take PCI DSS seriously — you are liable for a breach.
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 merchants are taking the proper steps to safeguard cardholder information
Don’t Shop for a Processor.
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.
QuickBooks Credit Card Processing is Expensive.
While QuickBooks is convenient for keeping your books, their credit card processor which is Intuit that happens to own QuickBooks, you will pay premium rates.
Beware Affiliate “Comparison” Sites
If you choose a processor through a website like “TOP TEN REVIEWS,” you’re on your own once you realize you’re being overcharged and under-serviced.
Refuse to Pay a Cancellation Fee.
Before you sign up with a credit card processor, refuse to pay a cancellation fee.
Never Ask a Sales Representative, “What’s Your Rate?”
When comparing offers, it’s natural to ask a sales representative for rates. After all, it’s the rate that matters the most, right? Wrong. The pricing model on which rates are based matters more than the actual rate.
Credit Card Processing Cost-Calculators Are Hypothetical at Best and Comical at Worst.
Interchange is responsible for most credit card processing expenses, and it’s impossible to predict interchange fees until a transaction actually happens.
Basis Points Are the Basis for Charges.
A basis point is one-hundredth of a percentage point (0.01%), and it’s the basis for credit card processing pricing.
With Credit Card Processors, Bigger isn’t Better.
Large credit card processors see your business as just a number and offer no benefit over smaller processors.
Interchange Rates Are Available Online.
Interchange is the credit card processing industry’s equivalent to wholesale pricing, and the price lists are available online for all to see.
Take Credit Card Processor Reviews with a (Big) Grain of Salt.
Many credit card processor reviews are created by people or businesses affiliated with the processor(s) they are reviewing
Free Merchant Accounts Do Not Exist.
Regardless of how many times you see an ad like this on Google, rest assured, free merchant accounts don’t exist.
Quality Trumps Quantity with Credit Card Processing Quotes.
You don’t need to get quotes from fifteen different credit card processors to find the best solution for your business.