Your business comes to an immediate standstill without the ability to process credit cards—especially if you experience an outage during the busiest hours of your day. Potential reasons that can cause a credit card processing outage include technical hitches or internet failure, issues with your payment processor or so on, anything...
Understanding Interchange Fees: How to Lower Your Costs
Interchange fees are the transaction costs businesses pay when accepting credit and debit cards. Set by card networks like Visa and Mastercard, these fees cover processing, fraud prevention, and financial risks. While they can’t be avoided, they vary based on factors like card type, transaction method, and industry. Since they...
How Interchange Plus Pricing on Merchant Services Can Benefit Credit Repair Companies
In today’s increasingly competitive financial services industry, credit repair companies must leverage cost-effective payment solutions to thrive. As these businesses typically handle high transaction volumes and need to accept various forms of payment from clients, choosing the right pricing structure for merchant services is crucial. One of the most beneficial...