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...
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...
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...
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...
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...
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...