Click here to watch the video In the world of merchant services and credit card processing, merchants are looking for ways to add those fees of processing onto their customers. There are three legal ways to do that. I’m Ginger Gay, president of Electronic Money Company Merchant Services, and I like to educate people in my videos. So one way is called Surcharging. It’s been … Read More
Software Integrated Payments with Split Pay
Click here to watch the video Today in this video I want to speak more specifically to software developers and app developers about a specific challenge when you’re trying to integrate payment processing with your software. Some softwares charge a license fee to their clients and some of them charge a transaction fee or a combination of both. Supposed you are developing an app for a … Read More
Story of a Merchant Services Salesperson Scam!
Click here to watch the video Hi,Gingergaye here. I have been in the credit card processing business for over 20 years. On my website I have a report called , 5 Mistakes to Avoid When Choosing a Credit Card Processor. ElectronicMoneyCompany.com In this video I am going to talk about one of those mistakes which is Not Understanding the Pricing Structure! First I want to … Read More
Beware of the Scams of Telemarketing Credit Card Salespeople!
Click here to watch the video Get educated to understand the true cost of credit card payment transactions. Then you can prevent getting taken advantage of by slick talking salespeople and telemarketers with the so called “lowest” rate and beat them at their game. Hi there! Today in this video I want to talk to you about what is a Fair Rate when you’re talking … Read More
Why Get a New Tablet POS?
A very good merchant customer of ours has been using a POS system in their retail establishment for many years. They were processing credit cards in a terminal sitting next to the POS. Recently they contacted us asking about an updated POS system with integrated payments. Their old POS cost them a ton of money from employees offering unapproved discounts to their friends. The old … Read More
What are the Visa/MasterCard Rules Regarding Credit Card Payments for CBD Products?
If the THC in a product is less than .3%, credit card processing is allowed under federal rules and regulations. Customers can purchase CBD in physical locations as well as online. Merchants selling CBD are considered high-risk merchant accounts. Applying for card processing with white lies about your products and trying to slide under the radar without divulging the high risk products will someday get … Read More
Contactless Dining encompasses multiple new technologies developed during the COVID pandemic. Consumers have been quick to adopt these technologies because they are convenient and limit the germs they could otherwise come in contact with. One restaurant recently reported that 80% of their sales comes from online order and pick up. One technology needed for contactless dining is an online menu. No more is it necessary … Read More
What is a Hosted Payment Page?
A hosted payment page is a secure and simple E-commerce checkout webpage that can collect credit card payments or E-check payments. Some small businesses only have a small number of products or services that they would like to promote and sell on a webpage. These businesses don’t need a full- blown shopping cart. They can instead use a hosted payment page provided by their merchant … Read More
Cash Discounting Allows for Zero Cost Credit Card Processing!
Reducing credit card processing fees to ZERO by passing on credit card processing fees to the consumer is a growing trend for merchants. It is easy to implement with a program called Cash Discounting. After all, merchants can SAVE THOUSANDS OF DOLLARS per year, many even monthly! The post COVID economy gives merchants no choice but to look for ways to save money and preserve … Read More
What is a Payment 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