Whether your buyers operate online or purchase the goods you offer in a traditional brick-and-mortar store, knowing about the lowest credit card processing fees is a must. Take a deep dive into these facts and answer your main questions – What are the lowest credit card processing fees, what is the difference between interchange, flatrate, or assessment expenses, and, more importantly – how can you use this knowledge to save up?
Seeing a do not honor error on your terminal is certainly not pleasant, neither for you nor the cardholder. However, this is the most common code that you’ve probably encountered at some point in your life while paying with or accepting plastic. What does do not honor mean on the credit card, why it happens, and what can you do about it? Let’s find out.
For current business owners, there are a lot of options when it comes to the way the transactions are accepted and processed. A recurring payment has many benefits, both for merchants and their customers. To understand all the advantages, we’ll explain what is recurring payment and how it works.
Having difficulties processing payments when a customer is ready to make a purchase can be troublesome. Especially when the payment is denied due to potential fraudulent activities. What does hold call mean on credit card processors? Knowing the answer to that question, as well as how to decode the numbers that appeared on the terminal screen as a sign something is wrong with the transaction, is of essential importance.
If you’re an entrepreneur in today’s world, weighing up the pros and cons of using a credit card VS cash is definitely something you should do. Not so long ago, startups were suited to take cash payments only, whereas nowadays – when 70% of people have at least one credit card – changes are inevitable. So although it’s no big secret that we are moving towards a cashless society, there are costs you will have to pay for settling for one of these (or both).
If you’re trying to start a business but keep seeing the information that you have to be PCI certified, don’t ignore it. Being compliant with security and data protection rules has many benefits for your company, and here you can learn how to become PCI compliant and what exactly it represents.
Credit card processing can be very confusing, but it’s essential to understand it if you plan on getting merchant services. If you own a small business and you’re choosing between Merchant Chimp vs. Square, we prepared a breakdown of which one is better for credit card processing services.
Merchants today know that the most common payment methods are credit and debit cards; people rely on money less and less, and more on cashless options. So why do companies offer a cash discount? There’s a variety of reasons behind this business decision, and most benefit both the customer and the merchant.
It never hurts to know how much you can save.
