Non-Qualified Merchant Account Rates (MDRs) As the world of merchant processing continues to evolve, complexities are introduced everyday into the way a merchant is charged for processing a credit card transaction. As the industry is becoming more and more competitive, Acquirers and Independent Sales Organizations (ISO’s) are becoming more and more creative in the way [...]
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 [...]
5 Dirty Little Secrets About Merchant Account Services (ISO’s) From a Guy Who Has Worked At A Half Dozen Merchant Account Companies
First, the good news: They are not all crooked, in fact a good portion of ISO’s are honest hard working men and women who have no intention of squeezing every penny out of you. Unfortunately, those that want to help you are outnumbered by those who are less than honest. What you are about to [...]
Did Your Merchant Account Provider Send You This Letter?
It is almost April 1st 2009 which means most providers will be adjusting their (MDR’s) Merchant Discount Rates in Canada because Visa adjusts their interchange rates. Look through your statements over the last 2 months and see if you received anything like you saw in the video above. If you did, this is a good [...]
“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 [...]
