I just ran across an article written by an executive at Global Payments about Interchange Plus. It was written for people who are inside the merchant account industry. In the article he concludes that Interchange Plus pricing is not the best thing for merchant account providers, for several reasons including a reduction in [...]
Watch this video to learn about changes to Interchange coming in October and why, if you have a merchant account with tiers (qualified, mid-qualified and non-qualified), it is time to switch your account to an Interchange Plus price model.
Check back here in the next few days for more specifics on the coming changes to Interchange.
Case Study - Winery
Business Type: Napa Valley Winery (specific name withheld)
Initial Status: To the untrained eye this merchant account statement looked just fine; here are a few of the problems that stood out to me:
One merchant account for both their tasting room and wine club
25% of there Visa transactions going to a “non-qualified” status
Transactions being [...]
Watch this video and save significant money on your merchant account.
If you would like to lower your merchant account fees by switching to a “straight pass through” account go here, fill out the short form and we’ll have you saving money in no time.
If you would like us to analyze your current merchant account and show you how much a “straight pass through” merchant account [...]
I received a call from a reporter at US News an World Report two weeks ago. His name was Matt Bandyk, a business writer for the magazine. He had found me through my other blog straightpassthroug.biz and he had some questions about how businesses could lower their merchant account processing fees. We talked [...]
by John Robinson
We know you’re successful business people. (I mean, you’re reading StraightPassThrough.biz, right?) And this means you probably have a pretty good idea who your customers are.
But what if you could use your processing statement to really market to specific customer groups? What if your statement was a powerful sales [...]
Have you ever wondered what kind of merchant account the rich and famous businesses of the Fortune 500 have? Just in case you have the answer is Interchange Plus .
What is Interchange Plus?
First lets start by defining Interchange . Interchange is the set discount rates from Visa and MasterCard for various [...]
by John Robinson
Debit or Credit?
If you’re a brick-and-mortar merchant, do you accept PIN-based debit? If not, you may be missing out on a tremendous opportunity to reduce your bottom line. If so, you may not be aware of several ways to improve on that reduction, as well as a few pitfalls you should avoid.
Debit? What [...]
Have you heard of Interchange Plus for merchant accounts? What used to be the exclusive price model for larger businesses is now being offered to companies of all sizes. So what is Interchange Plus?
First lets start by defining Interchange. Interchange is the set price from Visa and MasterCard for various [...]
