Transaction Processing: Tips on How to Save Money on Card Processing A lot merchants are getting dinged with additional charges from card processing. Card processing fees are determined by the type of card and by the way in which a card is processed and when a Merchant does not fully understand how each fee is [...]
Why Do Merchant Account Companies Charge Set-Up Fees?
“Why do merchant account companies charge set up fee’s and why to watch out for companies that do not.” Upon signing a merchant services contract, there may be additional fee’s. There are many good reasons as to why these fees exist and although it may seem bothersome to have to pay them, they are incepted [...]
“Stop Sticking It To Us” Coalition Applauds Senate Committee on Banking
I found a really interesting press release yesterday released by Retail Council of Canada (RCC) and the “Stop Sticking It To Us” coalition, representing over 200,000 small and large businesses where they are appluading the Senate Committee of Banking for moving forward with an investigation of Canada’s credit and debit card system. Canadian Merchants pay [...]
Canadian Merchant Accounts – Stop Sticking It To Us
The word on the street is that more and more Merchants are finding the cost of using credit card processing services to be getting too expensive. This year credit card companies have had two adjustments, one in April by Visa and one recently in Oct 1st, 2008 by MasterCard. These adjustments have created (for most [...]
The Critical Canadian Merchant Services Guide – Part 7
Become a seasoned Pro at understanding how credit card processing fees work through real life case studies. Case Study One: Company A: Debit Transaction at 0.12 cents 576 Debit Transactions that month Total Monthly Debit Business Volume: $13,876.00 Average Ticket: $23.56 0.12 cents x 576 = $69.12 in monthly Debit Fees Company B: Debit Transaction [...]
