Category Archive

The answer is very carefully, and watch out for hidden fees not represented. Here is my most recent story about rate comparing. A client, who owns two businesses, asked me to get with his accounting person to set up his third business. I thought I would be getting a new application ready immediately, but here was the challenge. The owner who referred me had no … Read More

Increase in Online Shopping: Stores are closing and those open have limits on numbers of shoppers as a COVID response. Merchants who have not yet focused on an Ecommerce site for their products and services need to pay attention. Payment processing can be integrated to shopping carts safely and securely. Add this to your current brick and mortar merchant services. Market to in-store shoppers to … Read More

Occasionally we like to share some tips with our business partner, Law 4 Small Business. This week we wanted to share a quick Q&A with L4SB regarding choosing a business entity.  EMC: How would you define a Sole Proprietorship?  L4SB: “The sole proprietorship is what happens when an individual doesn’t create a business entity. It is historically the first method of doing business. An individual … Read More

How can Electronic Money Company Merchant Services help business owners who want to set up their business as an Anonymous LLC? First and foremost, there are the reasons why merchants in general choose us over competitors, such as our honesty and transparency regarding rates and fees plus our in-house, white-glove support and service unrivaled in the industry. Secondly, often merchants who want to remain anonymous … Read More

Comparing rate quotes from one merchant services processor to another can be challenging.  There are after all over 1000 different rates and fees categories!   The wholesale interchange rates vary based on whether the card is swiped, keyed in, or accepted from an eCommerce site.  The rates also vary depending on the industry accepting the card payment.  They also vary depending on whether the card is … Read More

Most Merchant Services providers have a contract for 3 years.  The provider incurs expenses setting up your merchant account and therefore wants to ensure that you keep processing with them for a minimum of 3 years.   Should you want to switch to another processor and cancel your agreement before the 3 years is up, you incur an “Early Termination Fee”. Many times this fee is … Read More

Surprisingly, there are still a lot of merchants who are still waiting a couple or three days to get their credit card deposits! We thought that next day funding was automatic, but apparently it is not. Most processors have an option to batch before 6 or 8 PM EST in order for a merchant to receive deposits the next morning. The time varies slightly between … Read More

Dishonesty in Salespeople Presenting Merchant Fees for Payment Processing! 1-800-IGNORE-ME for Customer Service! Sneaky Rates and Fee Increases Over Time! Refer Us to Solve One of These Problems & Receive a $100 Gift Card by Filling Out a Message on our Contact Us Page  Dishonesty in Presenting Merchant Fees for Payment Processing  Every merchant wants low rates.  The challenge for merchant services is in understanding … Read More