Is it better to lease or to purchase credit card processing equipment? The answer is not that different from the choice when buying a car. If you lease you are paying more but the amount of money you pay is less and at you will be always paying something to the company. If you buy [...]
Oct
9
2010
9
2010
Sep
15
2010
15
2010
What is a good rate for e-commerce credit card processing?
What is a good rate for credit card processing for an e-commerce site. The challenging thing in getting an answer on this is so many companies make pricing difficult to understand with things like tiered pricing, random fees, and difficult to follow pricing structures. One approach I recommend is finding a credit card company that [...]
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 [...]
Apr
14
2009
14
2009
How to choose a credit card processor
With so many credit card processors on the market, choosing one can seem like a daunting task. Here are some tips to help you find your best option.
Get to know the ins and outs of the industry.
As I pointed out in my article Fees Demystified, it will help you immensely to understand how credit card [...]
Feb
23
2009
23
2009
Tips to reduce chargebacks
1-Don’t be confusing.
Every transaction a cardholder makes is recorded on their card statement. If you are a business that operates under the umbrella of another business or partner, or use a third party credit card processor and a charge from your business shows up your customer’s statement under a name different than yours, the customer [...]