Many credit card processors offer a variety of different processing rates and fees. If you are looking to do business with a merchant services company, it’s crucial to understand that comparing quotes from one merchant service provider to the next can be difficult. Rates will vary depending on the pricing method, type of card, the manner in which the card is processed and your adherence to qualifying criteria associated with the sale.
With merchant service providers, the first thing to do is to look for a reputable company that offers interchange pass through pricing, interchange is the actual wholesale cost of the cards accepted and determines the overall cost a merchant pays for their credit card services. As a business owner you have enough to do without having to figure out how Credit Card Interchange works, just know that in order to pay the lowest fees when processing credit cards, a merchant’s goal is to pay as close to interchange as possible.
Continue reading How to compare merchant service providers to ensure you are receiving the best rates
In recent years, one tool consistently used to steal credit and debit card data has been the credit card skimmer device. Be it on ATM machines, or on credit card machine in merchant locations, criminals have clearly made this a tool of choice. In the last two years alone, skimmers were used at such high profile, multi-location merchants as Barnes and Noble, Michaels, and Lucky’s Supermarkets.
Continue reading Credit Card Machine Skimmers – What Merchants Should Know
MerchantService.com announces their ISO / Agent program for experienced merchant services sales offices and ISO agents. The program features an exclusive, registered brand name of Merchant Service Group of “geographical area” for each ISO/Agent.
“To maximize your sales success and build long-term business value ISO / Agents need to market under their own unique brand name, not that of a bank, processor or ISO. Our program is based on them doing so,” says Gino Kauzlarich, President of MerchantService.com Inc.
Continue reading MerchantService.com Announces New ISO / Agent Program
Sarasota, FL – December 6, 2011 – MerchantService.com, a leading merchant services provider, is pleased to announce they now offer the eCE Cash Advance program which provides business cash advances through account receivable financing.
Business Cash Advances are not loans, they are upfront lump sum cash payments against businesses future credit card processing sales and electronic payments which is repaid with accounts receivable financing, utilizing your credit card sales volume. As goods and services are purchased by customers, a small percentage of each electronic payment is collected from the preferred processing bank.
Continue reading Merchant Services now offers eCE Cash Advance Program at MerchantService.com
There has been a lot of buzz about the Durbin Amendment and what the ramifications of it will be. The amendment is set to go into effect at the end of October and the anticipation continues to grow. There has been a lot of speculation as to what effects it will have on the merchant account of many businesses but there are many differing opinions. But don’t worry, your business will still be accepting credit cards at a reasonable rate once it goes into effect. In fact, most opinions believe that it will actually be better for the merchant account of businesses. Rather than leave its effects up to hearsay, here is a look at the Durbin Amendment.
The news is mostly good for companies and their merchant account. One of the highlights of the amendment is that it merchants will now have a choice in what network they decide to process their transactions over. Until now, businesses were often limited to one or two options for which network to use, but the Durbin Amendment has opened the flood gates. This makes the credit card services of company’s much more dynamic and customizable, a must for every business. Also, rather than staying at a fixed percentage of the transactions, interchange fees will now only be as high as 24 cents per transaction.
Continue reading Durbin Amendment Starts at the end of October – Time to change your Merchant Account?