by Scott Gibbens | Mar 9, 2023 | Credit Card Processing
If you’re a small business owner, you’re well aware of the costs involved to accept card payments from your customers. The majority of processing fees AKA interchange rates, goes to the bank who issued the card. Interchange rates are based on the type of...
by Scott Gibbens | Feb 25, 2023 | Credit Card Processing
VISA recently announced a surprising new change that has caught many businesses and merchant service providers off guard. The announcement applies to merchants who add a fee when a card is used for payment. According to VISA, effective April 15, 2023 the maximum...
by Scott Gibbens | Nov 11, 2022 | Credit Card Processing
If your business accepts payments from the government or other businesses, you are paying the highest interchange rates in the industry. By capturing additional information, a virtual terminal can recognize if a transaction qualifies for a lower rate, and...
by Scott Gibbens | Sep 17, 2022 | Credit Card Processing
On September 9th, 2022 it was announced that an international standards body has approved creation of a merchant code for gun retailers. This came following pressure from activists who say it will help track suspicious weapons purchases. This will allow banks that...
by Scott Gibbens | Apr 7, 2022 | Credit Card Processing
Changes to the Visa Utility Fee Program Visa is modifying the existing US Utility interchange fee program to provide differentiated rates for recurring bill payment utility transactions from non-regulated Visa consumer and Visa Business Debit and prepaid Products....
by Scott Gibbens | Mar 14, 2022 | Credit Card Processing
In recent years, reasons for not visiting the dentist has become more common among adults, for reasons that are less fear-based and more financial in nature. Of course we all want a bright, beautiful smile and healthy teeth, but the reality in the United States...