Merchant Account Rates Explained: Do You Know How Much Each Credit Card Transaction Really Costs?
THE TWO COMPONENTS OF A CREDIT/DEBIT CARD TRANSACTION
Each time a merchant process a credit or debit card transaction, she is charged an inquiry fee and a percentage of the total transaction. The inquiry fee is a flat amount, typically between 20 cents [...]
Can You Really Do Business Without a Merchant Account?
It is probably long past time to realize that trying to do business without a merchant account can be like shooting yourself in the foot. Not only do customers expect to be able to pay with a credit or debit card, but you also have to wonder how [...]
Can You Really Do Business Without a Merchant Account?
It is probably long past time to realize that trying to do business without a merchant account can be like shooting yourself in the foot. Not only do customers expect to be able to pay with a credit or debit card, but you also have to wonder how [...]
Do We Really Need Credit Cards?
I wonder how many people reading this article are old enough to remember S & H Green stamps? These trading stamps made a small fortune for Sperry & Hutchinson back in the fifties and early sixties. Consumers felt they deserved to get the stamps with everything they purchased from gasoline to groceries [...]
Are Free Merchant Accounts Really Free?
If you have been doing business for a few years, you probably have heard about the benefits of opening a free credit card merchant account to expand the availability of your products and services. However, there are so many banks and other financial institutions competing for your business that you may [...]