If your business accepts credit cards, you’re going to process some transactions that get declined. But understanding why credit cards decline will help you handle the situation appropriately. Credit card declines can be embarrassing for customers—and more often than not, the decline reason is no fault of their own. This guide covers everything you need| Merchant Cost Consulting - Lower Credit Card Processing Fees
On the surface, the difference between “card-present” transactions and “card-not-present” transactions may seem obvious—the card was either present when the payment was processed or it was not. But the differences between card-present and card-not-present payments are a bit more complex. The presence or absence of a physical card at the time of purchase has a| Merchant Cost Consulting - Lower Credit Card Processing Fees
Explore the latest Amex interchange rates, fees, and updates. Find out how much it costs to accept American Express with OptBlue and Direct Agreements.| Merchant Cost Consulting - Lower Credit Card Processing Fees
What is Visa FANF Fee? Use this guide to find out everything about the fixed acquirer network fee charged by Visa, including what it is and how it's calculated.| Merchant Cost Consulting - Lower Credit Card Processing Fees
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
An unexpected stoppage in your payment processing procedure can be troublesome for a business owner. From withheld funds to processing freezes or account terminations, these instances can be potentially devastating. Credit card processing companies put funds on hold for a variety of reasons. If this happens, money received from credit card transactions won’t be transferred| Merchant Cost Consulting - Lower Credit Card Processing Fees
Compare the average credit card processing fees, merchant credit card fees, and average credit card transaction fees for Visa, Amex, Mastercard, and Discover.| Merchant Cost Consulting - Lower Credit Card Processing Fees
I’ve recently encountered many business owners facing the same problem—they don’t know how to accept credit card payments over the phone. Some of these organizations improperly take phone payments, leading to higher credit card processing fees, more chargebacks, and increased risks for the business. Companies in nearly every industry have a need for credit card| 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
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
