Qualified processing rates refer to the merchant fees that a business pays for a specific type of credit card processing, known as tiered or bundled pricing. Depending on the merchant account agreement and fee structure, the qualified rate is one of the three possible tiers that a transaction can fall into—with mid-qualified and non-qualified as| Merchant Cost Consulting - Lower Credit Card Processing Fees
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
The ability to accept credit card payments is an absolute must in today’s world. But credit card processing is a complex subject—without thousands of different fees to navigate. Credit card transaction fees can add up quickly. With average credit card processing fees ranging anywhere from 2% to 3.5% per transaction, businesses are paying tens of| 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
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
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
Credit card processing fees are simply part of doing business in the modern era. If you want to provide your customers with a smooth and convenient way to pay for goods or services, then you’re going to pay processing fees to accept card payments—there’s just no way around it. With that said, you do have| Merchant Cost Consulting - Lower Credit Card Processing Fees
Learn to audit your credit card processing statements to see if your payment processor is taking advantage of you by padding or inflating your assessment fees.| Merchant Cost Consulting - Lower Credit Card Processing Fees