What is a Payment Gateway?

Angela HudginsCredit Card Processing/ Merchant Services, UncategorizedLeave a Comment

Payment Processing Gateway

A payment gateway connects the interface device used by a consumer to the merchant’s payment processor. That processor sends the transaction to a processing bank which authorizes the consumer’s credit card payment and sends it back to the processor, who deposits the credit into the merchant’s bank account. Examples of interface devices are credit card terminals, virtual terminals, POS software systems, E-commerce sites, and mobile … Read More

Mobile App for Home Services Software!

Angela HudginsCredit Card Processing/ Merchant Services, Secrets of Success, UncategorizedLeave a Comment

Put your home services business on autopilot. Nothing beats taking orders while you sleep with online booking. Except for maybe online payment processing connected to those orders. But how about having an easy mobile app that integrates to your CRM software and manages your crew for you? Here are some must have features: 1. Managing crew with GPS routing to save time and dollars. 2. … Read More

Take Online Orders and Payments!

Angela HudginsCredit Card Processing/ Merchant Services, UncategorizedLeave a Comment

Taking payments with an app!

In the current and post COVID era, consumers demand fewer people interactions and more convenient ways to order, pay, and pick up items. All over town, we see signs with phone numbers encouraging customers to call in orders. But even the phone is time-consuming for consumers getting busy signals and time-consuming for merchants who have to pay staff to answer the phone. Time is money. … Read More

Payment Processor Scam #2 Against Merchants

Angela HudginsCredit Card Processing/ Merchant Services, Scams Against Merchants, UncategorizedLeave a Comment

In a previous blog, we talked about Scam #1, the Fraud of Lack of Disclosure. Some merchant processing salespeople leave out significant rates and fees in their quotes. If you haven’t read that blog, click here. A second scam that processors commit against merchants is the scam of raising rates. Their salespeople don’t mention this to their prospects. Embedded in the 30 page, small print, … Read More

How Can I Reduce My Credit Card Processing Fees?

Angela HudginsCredit Card Processing/ Merchant Services, UncategorizedLeave a Comment

Reducing Credit Card Fees

How Can I Reduce My Credit Card Processing Fees? 1. You can reduce your rates by swiping a card versus keying it into a terminal or virtual terminal or online at an eCommerce site. When the card is swiped and present, the chances of a chargeback are lower. Therefore, the bank issuing card associations assign a lower rate to that swiped card than to a … Read More

The Story About Running a Super Large Credit Card Transaction!

Ginger HollowellCredit Card Processing/ Merchant ServicesLeave a Comment

Big Dollar Payment

One of our merchants recently tried to run a $480,000 transaction! It got declined at the terminal. They had run $200,000 transactions before, but this new one wouldn’t go through! So why not? Doesn’t the processor want that amount of money running through their coffers? Not necessarily, here is the story. Credit card processing companies assume the risk of chargebacks if the merchant does not … Read More

Understanding Credit Card Processing Rates and Fees!

Angela HudginsCredit Card Processing/ Merchant ServicesLeave a Comment

Understanding Credit Card Processing Rates and Fees!

Let me educate you so you, too, can avoid getting sucked into a contract from a scammer salesman. There are three determinations of the fees for accepting credit cards: the interchange cost, the brand fees, and the processor’s surcharge.  a. The interchange cost. This is the rate and transaction fee set by the bank associations to collect “interest” on the money “loaned” to the cardholder … Read More

Credit Card Processing Rates – Are You Paying Tiered Pricing or Cost-Plus Pricing?

Ginger HollowellCredit Card Processing/ Merchant Services, UncategorizedLeave a Comment

Credit Card Processing Rates

Tiered Pricing With this pricing format, the processor throws all transactions into three buckets with only three rates. Generally, one bucket is for swiped transactions, one for keyed transactions and rewards cards, and a third for business cards or keyed-in rewards cards. The buckets are called qualified, mid-qualified, and non-qualified. This pricing system allows for an easy to understand merchant statement because there are only … Read More

Mobile Payment Processing for Item Pickup

Ginger HollowellCredit Card Processing/ Merchant Services, Point of Sale Computer/Tablet SystemsLeave a Comment

Mobile Payment

During the COVID epidemic, and because of the concerns to maintain social distancing, consumers are looking for new ways to shop, purchase, and pay for the things they want to buy. Consumers want to order online,  pick up items, without getting out of their car, and they want a seamless way to use digital payment processing without having to pull their credit cards out of … Read More

The Famous “Restaurant Server Theft“ Soda Pop Game!

Ginger HollowellCredit Card Processing/ Merchant Services, Point of Sale Computer/Tablet Systems, Restaurant POS, Scams Against MerchantsLeave a Comment

The famous Soda Pop Game is played with a POS system, by splitting tickets. Only instead of splitting the cost between two people at a table, the drinks are split off to an open ticket. This server theft works when patrons are paying with cash. Let’s say Table #1 orders two meals and two sodas.  Before the server presents the ticket, he casually asks whether … Read More