What kind of pricing structure should you choose with a credit card processor?
Before you dig into this question, take a look at the proportion of the type of cards your customers are handing you. On average, monthly, what kinds of cards are making the majority of your sales?
The proportion of card types, type of business [...]
Nov
30
2009
30
2009
Tiered v. Interchange Plus
Nov
25
2009
25
2009
How can I keep card processing fees low?
Before you do anything, learn the fee terminology and understand how fees work. (For an explanation of basic fees, read my article “Fees Demystified”). The more you know what you’re talking about when establishing an agreement with a card processor, the less likely you will be gouged by a fee you didn’t anticipate, or a [...]
Nov
23
2009
23
2009
Fees demystified
One of the most difficult parts of understanding card processing is understanding how associated fees work, where the money goes and what you are being charged for. These fees are sometimes intentionally vague and are subject to fine print by many card processors. It is important to know how they work so that you [...]
Nov
13
2009
13
2009
Credit Card Processing—the Basics
A major part of starting a business is deciding how you will accept payments for your product or service. If you decide you want to accept credit or debit cards, you’ll discover that you need to set up a merchant account with a credit card processing service and have the equipment or software to process [...]