Seven Tips to Reduce Chargebacks
Credit card chargebacks can put your business at serious risk. A chargeback occurs when a customer disputes a charge on their credit card and wins. The payment is reversed, and the merchant is also assessed a …
Upcoming 2022 Rate and Rule Changes
VISA and MasterCard have announced rate and rule changes which will significantly impact US merchants in 2022. The most notable changes are: Interchange rate increases, which will impact card not present transactions in particular Adoption …
Updated Business-to-Business Credit Card Processing Fees
Video: Business-to-business credit card transactions incur higher processing fees. And recent updates are making this more expensive. Every time your business accepts a credit card transaction, you pay a processing fee. But did you know, …
Guide to Reducing Interchange Fees
Reducing interchange fees can bring substantial savings. While interchange fees are often seen as unavoidable pass-through fees that cannot be negotiated or affected, there are many ways to reduce them. Credit cards are the most …
Market Update November 2021
VISA Updates Dispute Rules in Response to Pandemic In October, VISA updated its dispute rules. Changes include adding wait time limits before issuers can issue chargebacks for certain types of disputes and use of compelling …
Visa has Implemented a Controversial Interchange Fee Increase as of April 2021
Business interchange fees have increased by as much as 20%. After a controversial fee update was rolled out to merchants nationwide, many businesses scramble to minimize these additional costs. Background: If your business accepts credit …
How Kroger Fought (and Won) Against Visa to Lower Credit Card Merchant Fees
In 2019, Smith’s Food and Drug stores (part of the Kroger grocery empire) stopped accepting Visa Credit Cards as a payment method, citing high credit card processing fees. This ban made big waves in the …
Reduce Credit Card Processing Fees For BlueSnap Customers
BlueSnap acts as a merchant account and payment gateway provider for businesses accepting credit and debit cards as payment. They are best known for their services in eCommerce. They provide tools to merchants that allow …
Verisave Merchant Services Review: Talech
Talech offers a great system for accepting credit and debit card payments in any situation be it a physical store location, phone order, or online storefront. Talech’s POS software is design specifically for retailers and …
Verisave Merchant Services Review: Vend POS
Vend POS Solutions For Retailers Processing Credit and Debit Card Payments Vend offers merchants a cloud-based POS system coupled with inventory management tools through a wireless smart device. Their services are built primarily for retailers. …
