Payments Blog Archives

What is a Credit Card Convenience Fee?

September 29, 2017

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

Is credit card surcharging legal in my state?

September 13, 2017

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

August 25, 2017

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?

August 4, 2017

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

July 26, 2017

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

The Smart Terminal is the Future of Payments for Small Retailers

March 2, 2017

Poynt offers an exciting new way for businesses and organizations to accept payments. The industry most influenced by this innovation in taking payments is retail. Function meets form in a new kind of wireless smart terminal that allows you to take t read more

7 Payment Predictions to Look Out for in 2017

February 22, 2017

Find out what industry experts are predicting for payment trends in 2017.  Are you ready for the upcoming trends?  Source: https://ingenico.us/  read more

3 Ways to Accept Credit Card Payments

January 18, 2017

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

December 23, 2016

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

November 14, 2016

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

How Payment Processing Works (And 4 Common Mistakes to Avoid)

November 10, 2016

Though it’s not necessary to be an expert regarding the ins and outs of payment processing in order to run a successful business and accept credit card payments, it is advisable to develop a basic understanding of how the process works. This will h read more

Virtual Terminals for Credit Card Processing

October 19, 2016

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

Advantages and Disadvantages of Different Payment Types

September 26, 2016

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Are You Paying Too Much to Accept Credit Cards? Here is How to Calculate Your Effective Rate.

September 15, 2016

So you have started accepting credit cards but do you know how to quickly and easily tell if you’re paying too much for processing?  In the credit card industry just about any company will offer you a free statement analysis, but I am going to read more

Less Than 9% of Small Businesses Owners Have Adopted EMV

September 10, 2015

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

April 16, 2015

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?

February 24, 2015

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

The US Sees More Money Lost To Credit Card Fraud Than The Rest Of The World Combined

February 24, 2015

JOHN HEGGESTUEN – MAR. 5, 2014, 2:50 PM Payment card fraud in the U.S. is rampant, and it’s adding up to big losses. The U.S. accounted for 51% of global payment card fraud costs in 2013, according to BI Intelligence estimates. Here are t read more