Have you heard about Amazon Go?

MerchantProcessingNMCredit Card Processing/ Merchant Services0 Comments

Amazon bought out Whole Foods, so they are now in the grocery store business. They are beta testing a new concept called, “No Lines – No Checkout”. They have created technology where you, as the consumer, can sign up for the mobile app and enter your payment card information. When you enter an Amazon Go grocery store, you simply scan … Read More

A New Frontier for Merchants to Market and Capture Payments

MerchantProcessingNMCredit Card Processing/ Merchant Services0 Comments

Payment Processing will be moving to the dashboard of your car. People spend on average 30 minutes driving or riding to and from work. Commerce is already conducted from people’s phones within their car while they are commuting to work. There is a huge market waiting to emerge, allowing payment processing from the car dashboard. Not only will we be … Read More

No Rate or Fee Increase

MerchantProcessingNMCredit Card Processing/ Merchant Services0 Comments

The way the game is played: A processor starts talking to a merchant about lower rates. They sign them up with an “introductory” low rate but forget to tell the merchant it is only introductory. Or they lie about their comparison analysis of rates and take advantage of the trusting merchant who does not know how to read a merchant … Read More

The 1-800-IGNORE-ME Tech Support Story! – NOT with Electronic Money Company

MerchantProcessingNMCredit Card Processing/ Merchant Services0 Comments

Have you experienced this tech support situation? Now you have to start all over yet again dialing the tech support at 1-800-IGNORE-ME! We have our own in house client service and support. We know our client’s by name and they know us by name. We know their merchant ID # and their model of equipment. We already are level 3 … Read More

Compare a Merchant Account to PayPal

MerchantProcessingNMCredit Card Processing/ Merchant Services0 Comments

PayPal is what is called aggregate processor. They aggregate all their merchants into one merchant account. One benefit is that they do not charge individual merchants PCI fees, because none of their individual merchants have an individual merchant account. But let’s also examine the disadvantages for the merchant.

Daily Discount Nightmare Compared to Monthly Discount!

MerchantProcessingNMCredit Card Processing/ Merchant Services0 Comments

Most merchants get charged all their credit card processing fees at the first of the month following the month when the transactions took place. Credit Card deposits each day match their cash register daily credit card deposit summary. At the end of the month the deposits on their merchant account monthly statement match exactly their bank statement. This is called … Read More