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Abandon Credit Card Processing? Use Cash Only? Not!
The past decades of credit card processing growth were because it made it easier and quicker for us to purchase everyday items. Going back to cash entirely disregards this value proposition, both for us and the businesses we shop at. In a recent March 16th Washington Post article by Michelle Singletary it was suggested…
Merchant Services $10,000 Giveaway Contest
To help celebrate MerchantService.com’s 15th year of providing small businesses with cost-effective credit card processing solutions they have launched a $10,000 giveaway contest to give back to any party that refers a business or becomes a new member of their merchant family. Every merchant that signs up for a new merchant account is automatically entered…
Non Profit Merchant Account Program exceeds 2.6 Million
Non Profit Merchant Account Program exceeds 2.6 Million Through MerchantService.com’s Chartiable Giving program they donate 25 percent of their net profits earned each and every month on any business that a Non-Profit Organization refers to Merchant Services for the lifetime of the account. Thanks to all of the merchants who have given their support over 2.3…
How to Avoid paying too much in Credit Card Processing Fees
I’m sure as a business owner you have enough to do without having to figure out how Credit Card Interchange Fees work. The good news is it’s not that complicated. There are hundreds of different interchange fees, what is important is to understand that interchange is essentially the wholesale rate that banks charge each other…
Eliminate Credit Card Processing Fees on Automated Recurring Billing
I know what you are thinking, here we go again, another Merchant Services company claiming to save my business money on Credit Card Processing. I know most of you would agree that you are tired of Merchant Service companies contacting you about your credit card processing rates and even more tired of the high fee…
Why Accept Credit Cards? Because Merchant Services Increases Your Sales!
Resist the Temptation to Terminate your Credit Card Processing. In this horrible marketplace every business is looking for ways to save money. Some Merchant’s are even considering terminating their credit card processing services to save as little as two percent of those sales made by Visa, MasterCard and Discover, and three percent from American Express…
Credit Card Processing and the 2010 Financial Reform Act
Virtually all retail businesses accept credit cards because doing so is proven to increase total sales. At this writing the U.S. House and Senate conference committee continues to work on the controversial merchant services reform legislation. And a House-backed revision of the Durbin amendment — which gives the Federal Reserve authority to regulate credit card…
Congress Approves Credit Card Processing Regulation Amendment
How the “Act” will affect your Credit Card Processing On June 21, 2010 Congress approved new regulations that will change credit card processing in America as we have known it since its inception in the 1960’s. Included in the Restoring American Financial Stability Act of 2010 (the “Act”), the regulations allow the Federal Reserve to…
An Interchange Plus Pricing Structure Can Greatly Reduce Your Credit Card Processing Fees
iSnare By: Gerald Kadish Traditionally small to mid sized businesses have been set up with what is called multi-tier pricing for their credit card processing. This system is usually set up with three tiers (qualified, mid-qualified, and non-qualifed.) Occassionally, if the business owner has negotiated well, there will be a fourth tier for qualified offline…
Merchants should accept Electronic Checks
SARASOTA FL – Many merchants won’t accept checks. Most merchants should. So says Gino Kauzlarich, President & CEO of MerchantService.com, a pioneering provider of electronic commerence and trasaction processing related services. “The new Check 21 technology is here now where we can quickly scan a check at both the back office or point of sale…
More than Half of QSR Gift Card Users Visit QSRs More Often Because of a Gift Card
First Data Corporation First Data Competitive Intelligence, in conjunction with Market Strategies International, conducted the QSR Prepaid/Gift Card Study with over 4,000 U.S. consumers in August 2008. Brief Findings: 51% of QSR gift card self-purchasers and receivers indicate they visit QSRs more often when they have a gift card. Self purchasers visit a QSR an…
PIN Debit Transactions on the Rise
First Data Corporation “First Data Study Re-Confirms Debit as the Fastest Growing Payment Method; Transaction Volume Increases When Choice is Offered” DENVER, Aug 01, 2006 (BUSINESS WIRE) — Having the option to make payments via PIN or signature debit increases the number of transactions consumers make monthly, according to a recent survey released by First…
