With the semiannual interchange update from the major card brands due in April, acquirers began notifying merchants late last week that those changes — which in some cases represent higher rates for certain types of businesses and cards — have been postponed until July.
Read MoreToday is the first day that small businesses affected by the #COVID19 pandemic can apply for $349 billion in #loans from the Paycheck Protection Program. But that money might not last long or get to the people who need it most.
Read MoreGrowing recognition that coronavirus can survive on hard surfaces for up to 72 hours — making it riskier to use PIN pads and touchscreens at the point of sale — is causing merchants around the world to rethink payment technology, especially at supermarkets.
Read MoreCredit cards and other payment cards not only increase consumers' buying power and impulse purchasing, but also most often result in a higher average sale amount than cash transactions.
Read MoreWhat steps are involved in switching my payment processing to National? Switching over is extremely easy with only three steps involved if you do not already have a merchant account - even easier if you do!
Read MoreIf someone asked you today how much accepting credit card transactions is costing your business, chances are that you wouldn't be able to give them a very precise figure. The merchant services industry has created a myriad of different fees that can be imposed upon a merchant via a variety of rules and regulations created by the card associations.
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Read MoreLeft untreated, fraud can be a devastating problem, and fraud and fraud-related chargebacks can undermine the profitability of any business. Before your business is affected by serious fraud problems, it is critical that you identify all fraud-prevention options and find a cost-effective solution that is relevant to your needs.
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