The term “liquidated damages” is something a merchant never wants to see or hear. Generally speaking, there are two instances where liquidated damages come into play—when you’re signing a merchant agreement and when you’re trying to cancel a merchant account. If you see a liquidated damages clause in a new merchant agreement prior to signing,| Merchant Cost Consulting - Lower Credit Card Processing Fees
What You Need to Know About Switching Merchant Services| Merchant Cost Consulting
Interchange plus pricing is commonly used by credit card processors to determine the per-transaction rates paid by merchants. But it’s just one of several different contract structures that businesses might be presented with when they’re signing up for credit card processing—and it’s one of the most complex. Complexity aside, interchange plus pricing is typically the| Merchant Cost Consulting - Lower Credit Card Processing Fees
The merchant discount rate (MDR) is not a discount. It's a fee that merchants pay to processing companies as a percentage of a credit or debit card transaction.| Merchant Cost Consulting - Lower Credit Card Processing Fees
If you try to close a merchant account, you might be surprised to learn that you owe an early termination fee. This is a common cancellation fee in merchant agreement contracts, yet so many business owners overlook it when applying for a merchant account. This in-depth guide explains everything you need to know about early| Merchant Cost Consulting - Lower Credit Card Processing Fees