Interchange Padding – A Dirty Trick You Should Know About

by Scott Gibbens | Sep 5, 2023 | Credit Card Processing

I was reviewing a processing statement for a merchant recently and noticed something strange. This merchant was on wholesale / interchange pass through pricing, so the wholesale costs were listed. With this type of pricing, the merchant is supposed to pay the...

Major ISO to End Non-Cash Adjustment Program

by Scott Gibbens | Aug 26, 2023 | Credit Card Processing

A major ISO (Independent Sales Organization) recently announced they would be discontinuing their Non-Cash Adjustment program in October of 2023. Clearent by Xplore, a St Louis, MO payment processing company, said they would be discontinuing the program and...

Dealing With Third Party Processing Fees

by Scott Gibbens | Jul 25, 2023 | Credit Card Processing

If you are using software or a point of sale system to accept credit card payments, you are probably familiar with third party fees. These fees, often referred to as SaaS fees (Software as a Service) are billed to your business by the software provider. But do the...

Reading Your Processing Statements – Why Bother?

by Scott Gibbens | Jul 18, 2023 | Credit Card Processing

When it comes to understanding rates & fees to accept credit cards, I can tell you that most business owners are in the dark. No one has ever taken the time to explain what the different charges and deductions mean. There’s nothing more frustrating than a...

Chargebacks Can Hurt Your Business – Learn What You Can Do

by Scott Gibbens | Jun 13, 2023 | Credit Card Processing

Chargebacks are increasing for all types of merchants. While it’s impossible to avoid them entirely, there are simple steps you can take to reduce the number of chargebacks your business receives. What Is a Chargeback? A chargeback occurs when a cardholder reaches out...

Is Your Cash Discount Program Compliant?

by Scott Gibbens | May 26, 2023 | Credit Card Processing

It was Thursday, March 30, 2023. I was sitting in a conference center at The Westin Boston Seaport District Hotel for the Northeast Merchant Acquirers conference. On stage, the speaker Jeff Fortney of Strawhecker Consulting Group, was delivering bad news to a room...
« Older Entries

Subscribe For Industry News

* indicates required
  • Interchange Padding – A Dirty Trick You Should Know About
  • Major ISO to End Non-Cash Adjustment Program
  • Dealing With Third Party Processing Fees
  • Reading Your Processing Statements – Why Bother?
  • Are You Paying a PCI Non-Compliance Fee?

Scott Gibbens Group, LLC
Copyright 2023
All Rights Reserved

Privacy Policy
DMCA Policy

The Clover name and logo are owned by Clover Network, Inc. a wholly owned subsidiary of First Data corporation, and are registered or used in the U.S. and many foreign countries.

Some images and company names are licensed trademarks and do not imply endorsement. We are an independent sales organization.

    

6817 Main St Second Floor
PO Box 152
Red Creek, NY 13143

(315) 203-1697