Attention merchants who take corporate, business and purchasing cards! Are you a wholesale business or a supplier of parts or a supplier of construction tools or materials? Are your customers other businesses? Or maybe you are a restaurant who has clients out for a business lunch and they are writing it off with their corporate card? It used to be that the only way to … Read More
Merchant Services 101 | The Truth About Merchant Service Rates and Fees
Education of Merchant Services Rates and Fees Let’s start at the beginning with the education basics of merchant services fees: Credit card processing rates and fees are broken down into 3 separate parts that make up the total fee you pay. Interchange rates – These are the fees that the banks who issue the cards receive for handling the risk of “instant uncollateralized credit”. This … Read More