If your business accepts credit cards, you probably have a basic understanding of interchange fees. Interchange rates are set by the credit card companies. The fees are based on the category of each transaction, which is determined by factors like the merchant, card type, processing method, and other elements. However, sometimes the transaction doesn’t include […] The post Interchange Downgrades & How to Avoid Them first appeared on Merchant Cost Consulting.| Merchant Cost Consulting
Everything you need to know about Visa's non-qualified interchange rate, including how it differs from other types of non-qualified fees and how to avoid them.| 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
Avoid losing 71% of customers! Discover the surprising factor many businesses overlook when charging customers credit card fees.| www.getweave.com
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
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
Our insider take on the pros and cons of surcharging credit card transactions so merchants can decide if adding a surcharge fee makes sense for their business.| Merchant Cost Consulting - Lower Credit Card Processing Fees
A closer look at the true costs of flat-rate credit card processing, and why it's costing businesses tens of thousands of dollars in overpayments every year.| Merchant Cost Consulting - Lower Credit Card Processing Fees
Everything you need to know about Level 2 and Level 3 credit card processing. Learn how to save money on Level 2 interchange and Level 3 processing rates.| Merchant Cost Consulting - Lower Credit Card Processing Fees
All the reasons why merchants should avoid surcharge programs, and why you should think twice before you add a surcharge fee to your credit card transactions.| Merchant Cost Consulting - Lower Credit Card Processing Fees
Find out how to read, audit, and truly understand your monthly merchant statements for credit card processing to identify fees and cost savings opportunities.| 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
A closer look at two merchants being ripped off by Global Payments with real examples from those statements, and how to find out if you're being ripped off too.| Merchant Cost Consulting - Lower Credit Card Processing Fees