Merchant Fees Archives - Merchant Chimp

Category: Merchant Fees

PCI Non-Compliance Fee – Everything You Need to Know

As a business owner, you’ll have a ton of obligations and could potentially experience the unpleasant PCI non-compliance fee. Follow our article if you want to find out how to keep up with DSS standards and avoid unnecessary expenses and potential lawsuits risk.

What Is Visa Access Fee

Assessments are the way for card brands to earn money from transactions, and they get charged with every transaction as one of three components of cost. There are many fees included within that price, and one of them is the access fee. So, what is a Visa access fee? It might be small, but it’s an important part of assessments that go to brands such as Visa or Mastercard.

Person using a credit card

Intuit Merchant Services Fees – Things You Should Know

Intuit is a credit card processor best known for its accounting software called QuickBooks. Those interested in finding out more about intuit merchant services fees should know that Intuit’s offer is considered one of the most expensive in the credit card processing industry.

Small Business’ Guide to Debit Card Fees

Paying with plastic instead of cash is convenient for the customers in stores. On the Internet, there’s no other option. For the merchants, however, that often means calculating credit and debit card fees and expenses. Here’s a short guide on those expenses.

PCI Compliance Fee Explained

For all merchants whose business relies on credit card payments and eCommerce, data security during processing is of utmost importance. PCI compliance fee can be the best help in achieving that goal. It is worth learning more about it, though, since its usefulness depends on the sincerity and intentions of your processor.

What Does POS Fee Mean: Everything You Need to Know

The point of sale system is something that a modern business can’t be run without. Although it has enhanced the way transactions occur, there are still plenty of small businesses that don’t use it. Implementing new technologies is a significant change, and a lot of retailers are afraid of the unknown. Questions such as what is POS fee and how many of them are there are essential, but they shouldn’t stop you from improving your business. So let’s try to answer those questions and clear out all doubts.

A person off-screen paying with a credit card

All You Need to Know About Interchange Fees

Almost 60% of Americans believe that the US will soon become a cashless nation, while 40% already use plastic to purchase goods and services. In other words, if you want to grow your enterprise, you will have to accept card payments, which means you will have to pay interchange fees to your bank. But you may ask now, what are those fees in the first place?

Explaining the Acquirer Processor Fee in Credit Card Processing

Have you decided to start accepting Visa credit cards? Introducing cashless payment options can bring all kinds of benefits to merchants. However, before you begin accepting cards as a form of payment, you should be familiar with what you pay for this service. Among others, an acquirer processor fee will appear on your monthly statement. But would you even be able to spot it there? And what is it, to start with? We want to provide you with some answers.

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