Attention auto repair shop owners. This article is specifically for you, although other business owners may find some similarities. Are You Paying Too Much to Process Credit Cards? Electronic Money Company recently saved an auto glass shop $2,000 per month on their payment processing fees. If you’re like most auto repair shop owners, when you first opened your doors, you were focused on getting customers,

When I am talking to merchants about their credit card processing rates, many times they ask my what my rate is? They think their rate is the total fees divided by the volume processed on their credit cards. They ask if I can beat that rate. But the rates vary on different types of cards and different ways of accepting cards, card present, over the

Let me tell you something every business owner needs to understand if you want to grow your revenue without constantly chasing new customers. Your regular customers are everything. New data shows that repeat customers generate six times more revenue than one-time or occasional shoppers. Six times. That’s not a small difference—that’s the difference between struggling month to month and building a predictable, growing business. And

How do you feel when you call up a company that sold you a  product or service because you have a question; a concern; you have a gripe; something is not working right; you don’t understand the billing; or for whatever reason you need to speak to a live human. Do you like it when you have to listen to a bunch of prompts, of

If you’re running your business on a POS system that “comes with” its own payment processing, there’s a good chance you’ve felt it… those rates creeping up, support getting slower, and the sinking feeling that you’re stuck. You’re not alone—and more importantly, you’re not as locked in as you think. Let’s talk about what’s really going on, and how to fix it. A lot of

If your business accepts a lot of corporate or government credit cards, a major change is happening in the payments industry. Depending on how you handle transactions, this could either increase your costs—or help you save significantly. What Is CEDP? CEDP stands for Commercial Enhanced Data Program. It’s Visa’s new system for determining which B2B transactions qualify for lower interchange rates. Why Visa Introduced CEDP

What Is CEDP? CEDP stands for Commercial Enhanced Data Program. If your business accepts a lot of corporate purchasing or government credit cards, there’s a major change happening in the payments industry that could either increase your processing costs or reduce them significantly, depending on how you handle transactions. How CEDP Works Visa has introduced this new framework, CEDP. Merchants that process B2B transactions and