by Ryan Hickey | Feb 4, 2022 | Credit Card Payments, Featured Article, Weekly Articles
Wireless processing is ideal for many business types that do not have fixed locations, but need a credit card reader, like delivery or repair services.
by Ryan Hickey | Jan 3, 2022 | Weekly Articles
Processing fees are a standard business practice, but it can be challenging to understand their reasoning. Some people believe processing fees are too high and should be eliminated. Others feel that they’re necessary for the bank to cover their costs. Have you...
by Ryan Hickey | Jan 3, 2022 | Weekly Articles
Credit card processing rates can be a confusing topic for many business owners. What is a reasonable credit card processing rate? How do you know what your best option is? There are so many different opinions out there, and what works best for one business might not...
by Ryan Hickey | Jan 2, 2022 | Weekly Articles
Finding your effective rate is the first step. First, get your credit card statement. Then divide the total processing fee by the percentage of monthly sales paid by credit cards. The outcome is your effective rate. Calculate Credit Processing: Mistakes...
by Ryan Hickey | Jan 2, 2022 | Weekly Articles
A bank account allows businesses to accept payments by credit or debit card. The account is set up through a payment processing company, an intermediary between the bank and the business. It is a pricing model used by payment processors in which rates are based on...
by Ryan Hickey | Jan 1, 2022 | Weekly Articles
A credit card merchant account is a contract between you and your bank that allows you to accept credit cards for goods or services. It’s essential to have a merchant account that offers flat-rate pricing, which means you’re charged a single, fixed...