Compare PIN debit interchange rates and signature debit rates for 2023. Everything you need to know about PIN vs. signature debit processing costs.| Merchant Cost Consulting - Lower Credit Card Processing Fees
We’re just a few weeks into the new year, but payment processing headlines are already making a big splash. This month, we’ve highlighted new rate increases, new laws, and other noteworthy updates worth your attention. Here’s a summary of the biggest stories from January: EVO Payments Increases Discount Rates Up to 1% EVO Payments recently| Merchant Cost Consulting - Lower Credit Card Processing Fees
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
Credit card networks help power the global economy. Millions of credit card transactions are processed every day—all of which would be impossible without the card networks. From small businesses to ecommerce giants and everything in between, credit card networks help funnel sales into organizations of all different shapes and sizes. As a merchant, it’s important| Merchant Cost Consulting - Lower Credit Card Processing Fees
Differences between credit card surcharges and cash discounts, including what's legal and the better option for your business to save money on merchant fees.| 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
Credit card merchant fees are always changing. As a business, it’s important to understand how all credit card merchant fees work, and which processing fees are negotiable. Understanding credit card merchant assessment fees is crucial because they’re intended to be non-negotiable costs imposed by the card networks. Yet so many processors “pad” assessment fees as| Merchant Cost Consulting - Lower Credit Card Processing Fees
The latest Visa interchange rates and fees for credit card processing. See all the updates to Visa interchange rates and how much it costs to accept Visa cards.| Merchant Cost Consulting - Lower Credit Card Processing Fees
Processing rates can get out of control if you’re not keeping a close eye on them. But monthly statements can be complex and difficult to read, making it tough for businesses to truly understand what they’re actually paying to accept card payments. The cost for credit and debit card processing varies per transaction. So the| Merchant Cost Consulting - Lower Credit Card Processing Fees
A complete break down of credit card surcharging laws in all 50 states. Use this guide to quickly find out if surcharging is legal or illegal in your state.| Merchant Cost Consulting - Lower Credit Card Processing Fees
Credit card processing fees are a pain for merchants. Merchant fees cost businesses more than $100 billion per year—and that’s just in the United States. If you’re reading this right now, there’s a good chance you’re paying tens of thousands annually in merchant fees. Some of you are spending upwards of $250,000+ on merchant fees| Merchant Cost Consulting - Lower Credit Card Processing Fees
