Payment Services Blog | NXGEN

Payments Blog Archives

What is a Credit Card Convenience Fee?

Credit card convenience fees are quite similar to surcharges — and, in fact, both fees serve very similar purposes. Whether you, as a merchant, are levying a convenience fee or a surcharge, your goals are probably 1) to offset the costs associa read more

NXGEN ANNOUNCES NEWEST PARTNERSHIP WITH SUMUP

Whitefish, MT – September 2017 – NXGEN, a tech company that delivers state of the art payment solutions to merchants globally, announces its newest partnership with SumUp, Europe’s leading financial technology company that is set to become read more

Is credit card surcharging legal in my state?

Is credit card surcharging legal in my state? The answer is, probably. It is currently legal to surcharge in 44 states. Merchants who surcharge in approved states still have rules and regulations that they must follow. In many instances, they may not read more

The Pros and Cons of Credit Card Surcharging

Surcharging offers big benefits to the merchant while also posing a few potential challenges.  Let’s look at the pros and cons of  credit card surcharging to help you decide if zero cost credit processing is right for you. Is it legal to surc read more

How do I Set Up an Online Store?

You made the decision to set up an online store. You are in good company. Annual e-commerce sales are predicted to total nearly 2 trillion dollars in 2017.  This number is greater than the entire GDP of every nation on earth except for the US, China read more

4 Reasons to Launch an Online Store

If you are considering starting an online store, now is the moment to act. There has never been a better time to break into the world of e-commerce. The online technology that supports e-commerce is simultaneously becoming more affordable and more a read more

3 Ways to Accept Credit Card Payments

Accepting credit card payments is a non-negotiable necessity in this day and age. If your business lacks the capability to make such transactions, you risk losing quite a bit of business: not only will a certain percentage of customers who were plann read more

The Rules of Surcharging Have Changed

In the world of Credit Card Processing, the rules have changed again, and this time, in the merchant’s favor. It is now legal to apply a surcharge or “checkout fee.” So what is a surcharge?  A surcharge is an additional fee added to the to read more

10 Ways to Lower Your Credit Card Processing Fees

Below are ten ways you can lower your credit card processing fees. Many factors cause your monthly statements to be higher: card present versus card not present, improper transaction habits, PCI compliance, the environment that you process in, and so read more

Virtual Terminals for Credit Card Processing

Businesses today have many different options for credit card processing and virtual terminals is a great one. Countertop terminals have long been the norm, but virtual terminals are becoming increasingly popular and here is why. What is a virtual ter read more

Less Than 9% of Small Businesses Owners Have Adopted EMV

On Oct. 1, companies like Mastercard, Visa, Discover and American Express will implement what’s called a “liability shift.” That means that business owners who do not upgrade their systems to accept new EMV chip card technology at their point read more

EMV Liability Shift

There will be a major EuroPay, MasterCard, and Visa (EMV) liability shift to merchants on October 1, 2015: merchants not using EMV-enabled credit card terminals or point of sale (POS) systems will bear the liability for credit cards bearing a compute read more

Shift happens- Will you be ready?

One of the most talked about changes in the world of payment acceptance this year will be the liability shift that goes into effect October 1, 2015. To provide enhanced payment card data security, the major card brands have been pushing for widesprea read more
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