Our clients have told us many stories over the years about some of the sales pitches they have been given about credit card processing fees. Some companies promise rates of 1% and even less. Here’s why those promises are not real and how they can wind up costing you much more than an honest and transparent rate soon after the overblown promises evaporate. We also want to show you what you can expect in return for a fair and transparent rate that you can depend on.
Credit Card Processing Fees are Often Presented in Deceptive Ways
If you have shopped for credit card processing services for your brick and mortar ret...
So many of your have expressed interested in learning more about contactless payments (🎉 - yes, this would be a reason we would use this emoji internally!)
We created a simple guide to give you more information on contactless payments - how they work, how to accept them and critical in-store to-do's.
If you do not have a machine that accepts contactless payments - the first step would be to upgrade to a machine that accepts this payment type. If you have done this already that's a big ☑️off the to-do list already!
There are more ways to accept a credit card now more than ever. For such a simple act - take payment, provide goods/services, receive payment in your bank account - there is actually a few layers of complexity to this routine task.
First, we need to consider, do you accept cards in person and/or not in person?
If you are actually seeing the credit card with your own two eyes at the point of sale - you are accepting cards in-person. Part B to this equation - does the credit card have an EMV chip (or not) and/or does your customer prefer to pay with their phone - where they store their credit card information and/or ApplePay or...
Dating back to the establishment of the first ATMs in the 1960’s, ATMs have always required physical credit and debit card acceptance. However, things are starting to change now. A new advancement has taken place with the creation of cardless ATMs. People will now be able to use a process that works similarly to new mobile payment methods. Many customers are now adopting these methods in stores, restaurants, and cafes, but the introduction of this technology into ATMs will allow it to be used at an even wider scale. More and more banks are hopping on board with this new advancement at an increasing rate. This new payment process...