The Three Price Points of a Merchant Account

How challenging can managing a merchant account be? I review 5 – 10 merchant account statements each week and almost everyone one starts out looking like it is written in a foreign language! Some statements have fees from three separate months! Other statements are extremely vague and seem to be intentionally hiding information. So the [...]

Posted on June 8th, 2008 by Robb Lejuwaan in Basics, Customer Service, Merchant Account, Straight Pass Through basics, credit card processing, fee, Interchange, interchange fees, Merchant Account, merchant fees, Qualification, rate, Rates and Fees, Straight Pass Through, surcharge

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Eight Ways to Save Money - Method #2

Accept Pin Debit
This means having a pin pad for your clients to enter their PIN number when they use their debit card. These transactions normally have a flat rate per transaction. Let’s compare the fees paid between a normal credit card transaction and a PIN-based one:
Transaction Amount: $150
Credit card rate: 1.85% + $.10
Credit [...]