10 Things Supermarkets Need to Know about Merchant Accounts

Do you or one of your clients operate a supermarket?  Is so, there are a few things you should know that could result in some significant savings on merchant account fees. Here is the list:
1. Visa has lower Interchange rates for consumer cards used at a supermarket:

TRANACTION TYPE
RETAIL
SUPERMARKET

Swiped Consumer Card

1.54% + $.10

1.24% + [...]

Posted on September 17th, 2008 by Robb Lejuwaan in Interchange, Interchange Plus, Merchant Account, Qualification, Rates and Fees, Rules , , , , , , , , , , , , ,
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What is EBT?

Electronic Benefit Transfer (EBT) is an electronic system that allows a recipient to authorize transfer of their government benefits from a Federal account to a retailer account to pay for products received.  EBT is currently being used in many States to issue food stamp and other benefits.  EBT has been [...]

Posted on January 23rd, 2008 by Robb Lejuwaan in Basics, Merchant Account, Rates and Fees ,
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