That’s right I, Robb Lejuwaan, have chosen to give away authorize.net for nothing! My company has been charging a small fee of $25 up to this point but I just realized with a free authorize.net account I make more money!! That’s right more money for me if I give you authorize.net for free. [...]
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.
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 [...]
Straight pass through has to do with merchant account risk. Visa and MasterCard have set specific rules to deal with these risks. For example, a keyed in transaction is a higher risk than a swiped transaction, because many times the card holder is not physically present. For keyed transactions, processed correctly, Visa [...]
A downgrade occurs when a transaction fails to meet certain pre-defined criteria from Visa or MasterCard, and an additional charge is added to the discount rate for processing the transaction.
Don’t be like this guy to left when choosing a merchant account provider! Take off the blindfold and read the post below:
I am writing this post for new or young businesses that have very little experience with merchant accounts. Let me start by letting you know where I get my knowledge on [...]
Every week I go through the search terms the visitors to this blog type in before they arrived here. Mainly I see them attempting to discover what the “mid-qualified” and “non-qualified” terms mean on their monthly merchant account statements. According to my experience here are some simplified definitions for these terms.
For Visa Transactions
Qualified = [...]
I just finished reading a press release from a competing company. In the release the president of the company wrote,
"Everyone is trying to come up with a better system. There isn’t one. It is just about rates…the only thing that gets the merchant’s attention is, ‘How cheap is the rate?’"
From my experience [...]
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 [...]
