A Law of Attraction Story

MerchantProcessingNMSecrets of Success

We have a bank, US Eagle, who refers us their clients for card processing. We got a call recently from one of the referrals. This woman had a small, seasonal business and wanted to get set up for card processing. We told her to sign up with Square and then call us when her volume got larger. Square does not … Read More

Bob From Brand X – Will My Rate Ever Change?

MerchantProcessingNMBob from Brand X Nightmares

When asked about rate increases, Bob from Brand X always LIED, (that’s right I said LIED) and said that rates would never change with him. The fact is that 99% of processors raise rates whenever they want to. Typically they raise rates when they are getting ready to sell out to a bigger processor, in order to inflate their bottom … Read More

To Decline AVS Mismatches or NOT?

MerchantProcessingNMCredit Card Processing/ Merchant Services

Do you ever wonder if it is a good idea or not to decline cards online which do not have an address match? The question is if you decline the card, will you miss real business. Or will you save yourself money reducing chargebacks? Well one of our customers has shared the data from their company. They do inflatable party … Read More

Compare a Merchant Account to PayPal

MerchantProcessingNMCredit Card Processing/ Merchant Services

PayPal is what is called aggregate processor. They aggregate all their merchants into one merchant account. One benefit is that they do not charge individual merchants PCI fees, because none of their individual merchants have an individual merchant account. But let’s also examine the disadvantages for the merchant.

Daily Discount Nightmare Compared to Monthly Discount!

MerchantProcessingNMCredit Card Processing/ Merchant Services

Most merchants get charged all their credit card processing fees at the first of the month following the month when the transactions took place. Credit Card deposits each day match their cash register daily credit card deposit summary. At the end of the month the deposits on their merchant account monthly statement match exactly their bank statement. This is called … Read More

Fees on Refunds

MerchantProcessingNMCredit Card Processing/ Merchant Services

When a merchant runs a transaction, the amount is assessed a rate and a transaction fee. Generally the rate is an assessment of risk and the transaction fee is a cost for accessing the digital network. When the merchant refunds a transaction, only a transaction fee is charged. The rate is not charged a second time because there is no … Read More