About This Quickbooks Post
If you want to use QuickBooks® accounting or point of sale software you may think you have only one option for your merchant account provider. If Intuit had it’s way that would be true but thanks to some determined companies that is not the case. That means now you can use Quickbooks [...]
By John Robinson, of Cocard Synergy
Before I get to the meat of the matter, let me finish what I began last week. It bugged me that I only knew what TJ Maxx was supposed to be fined, so I went and found out what they were fined. Rather than the roughly $100 per [...]
Credit card processing seems simple enough. However, there are lots of moving parts behind the scenes. Here is a simplified, step by step list that reveals the whole process:
Authorization
1. Your customer presents their credit card (or the card number, expiration date and security code) to you or your employee.
2. You swipe the card or key [...]
My opinion is – bad idea.
The main reason to not lease merchant account terminals is that you are upside down before the ink is dry on your lease agreement. For example: a $39 lease for 48 months will cost over $1,800. The brand new terminal may be worth $400 or $600 but within months it [...]
Part of my job is to review and analyze merchant account statements from various businesses around he country. When ever I see the categories of “mid qual” and “non-qual,” I get a big smile on my face because I know my potential client is being taken advantage of.
Here is how these tiers work to [...]
