Many businesses wonder if they can legally impose minimum purchase amounts on customers paying with credit or debit cards. The short answer—yes, and no. If certain conditions are met, the federal government allows merchants to set minimum purchase amounts for credit card transactions. But minimum purchase amounts for debit card transactions are not allowed. Before| Merchant Cost Consulting - Lower Credit Card Processing Fees
US law gives consumers 60 days from the statement date to dispute a charge. Visa, Mastercard, Amex, and Discover extend it to 120 days of the transaction date.| Merchant Cost Consulting - Lower Credit Card Processing Fees
Credit card processing can be expensive for merchants, especially small business owners. If you’re on a tight budget, the fees imposed by credit card processing companies can significantly cut into your profit margins. With that said, you still need to accept credit cards. According to a recent study, just 14% of consumers prefer to pay| Merchant Cost Consulting - Lower Credit Card Processing Fees
Surcharging has been a hot topic lately for consumers and merchants alike. Some small business owners implement a surcharge to save money on credit card processing. What is a surcharge? In short, it’s an extra fee added to a credit card transaction to cover the costs of accepting the customer’s card. If a consumer wants| Merchant Cost Consulting - Lower Credit Card Processing Fees
Everything you need to know about merchant category codes (MCC). Explore MCC codes for ecommerce, MCC for online retailers, and find out your MCC code.| Merchant Cost Consulting - Lower Credit Card Processing Fees
Learn more about interchange fees and how interchange works. See the latest interchange fees, rates, and updates from credit card networks and processors.| Merchant Cost Consulting - Lower Credit Card Processing Fees
See our insider take on Global Payments Integrated with an analysis of its pros, cons, and rates. We also show you how to spot bogus fees on your statement.| Merchant Cost Consulting - Lower Credit Card Processing Fees