If you want to negotiate lower rates with your processor, you need a plan, data, and timing. You also need to understand interchange, brand fees, markup structures, and compliance rules. This guide breaks down each piece in plain English, so you can reduce your effective rate without disrupting cash flow...
How to Choose the Best Payment Processor for Your Business
Choosing the best payment processor for your business is a critical decision. Modern businesses – whether e-commerce stores, brick-and-mortar shops, SaaS platforms or freelancers – must accept payments online and in person quickly, securely and cost-effectively. The right payment processor can streamline customer checkout, handle multiple payment methods (credit/debit cards,...
The Pros and Cons of Membership-Based Merchant Services Programs
Payment processing fees have long been one of the most annoying expenses for business owners. The merchant pays a fee to facilitate the transaction each time a customer taps their phone or swipes their card, in addition to receiving revenue. These expenses, which are typically a mix of markup, interchange,...
What to Do When Your Processor Increases Fees Unexpectedly
In today's competitive business landscape, it is not uncommon for payment processors to increase their fees unexpectedly. This can be a significant challenge for businesses of all sizes, as it can impact their bottom line and profitability. When faced with a fee increase from your processor, it is essential to...
How to Avoid Overpaying for Built-In Payment Processing
In today's digital age, businesses of all sizes rely on payment processing solutions to facilitate transactions with customers. Built-in payment processing, which integrates payment processing capabilities directly into a business's software or platform, offers convenience and efficiency. However, many businesses fall into the trap of overpaying for these services due...
How Membership Models Differ From Traditional Payment Processors
In today's digital age, businesses have a plethora of options when it comes to accepting payments from customers. Two popular methods are membership models and traditional payment processors. While both serve the same purpose of facilitating transactions, they differ significantly in their approach and structure. Membership models involve customers paying...