Click here to watch the video Merchants are going to be fined if they get caught by Visa for adding a custom fee at the terminal to cover credit card processing fees. Timestamp: 00:00 – Zero Cost Processing 00:44 – New Rules 02:24 – Penalties 03:40 – What to do now Today, I want to talk to you about cash discounting and surcharging because Visa … Read More
When to Choose Square vs a Merchant Account with a Processor
Click here to watch the video When should you consider setting up your credit card processing with Square versus a Merchant Services Company? Generally, if your revenue from credit cards is $5000 or less, then it is cheaper to use Square. If your business is more substantial, then you will probably want your own merchant account with a merchant services processor. Why? Square is cheap … Read More
Shopping Cart vs Hosted Payment Page vs POS Software with Online Ordering!
Click here to watch the video How do you set up a website to sell products online? There are three basic options. One is choosing a shopping cart to show off your products. The second is a hosted payment page. The third is to get an online Point-of Sale Software that links up on your website. The shopping cart allows customers to set up various … Read More
Why Integrate Payments with Your Software or App!
Click here to watch the video Why Work With Electronic Money Company for Software Integrated Payment Processing! We have been involved in merchant services for over 20 years and have the lowest attrition rate of any other merchant services we are aware of. Because of our service and support, customers never leave. They stay with us for the life of their business. This is the … Read More
Benefits Of Integrating Payment Processing With Your Software
Click here to watch the video Are you a software company or do you have an app and you sell it to your clients? I’m Gingergaye with Electronic Money Company Merchant Services, and I want to talk to you today about the benefits of integrating payment processing with your software. So first of all, if you can create one-stop shopping for your customers. They all … Read More
Save a Ton of Time and Money with a Tablet POS!
Click here to watch the video Many merchants are still operating with a cash register and a credit card terminal. Today, I want to talk to you about the exponential return for a very little investment in a point-of-sale tablet solution. Many merchants are operating with a cash register and a credit card terminal. A step up to a POS is small monetarily but huge … Read More
Eliminate Your Merchant Services Fees with Dual Pricing!
Click here to watch the video What is difference between Surcharging, Cash Discounting and Dual Pricing? And why are merchants choosing one of these pricing methods in regards to credit card processing? Surcharging has been around a while. Visa/MasterCard allow certain merchants to add fees on top of their prices so as to pass the fees onto the merchant. This is only allowed when the … Read More
Application Process for Cannabis Pin Debit Payment Processing
Click here to watch the video What is the application process for a cannabis dispensary to get set up with a PIN debit merchant account? Cannabis dispensaries cannot do credit cards. They’re not federally legal, but they can get a PIN debit merchant account. The process is a little bit more lengthy than for regular non-dispensary merchants who open a credit card processing merchant account, … Read More
How to Close a Merchant Account and Stop the Fees!
Click here to watch the video How do you close a merchant account? Maybe you’re closing your shop. Or maybe you’re just switching credit card processors. But closing a merchant account is very similar to closing a bank account. I’m Gingergaye with Electronic Money Company. You can’t just call up the processor and say, “Hey, I’m closing my account”. They want to see the signature … Read More
Here Is The Application Process For Getting A Merchant Account
Click here to watch the video Gingergaye here with Electronic Money Company. Let’s talk today about what’s the process is to get an application for credit card processing. First of all, the application has to be signed by the owner or an officer of the company and if there are multiple owners, anybody owning 25% or more has to sign that application. What kind of … Read More