by Joan Winnington | Sep 15, 2019 | Business Success, Credit Card Processing, E-Commerce, Merchant Industry News, Uncategorized
Benefits of a Merchant Account vs. Square or PayPal Most merchants have the mindset that they are paying a flat rate with Square or PayPal which saves them money. For merchants using Square, they believe that they are paying a flat rate of 2.75%. However,...
by Joan Winnington | Aug 2, 2019 | Credit Card Processing, Merchant Industry News
The credit card associations, Visa and Mastercard, are changing the way refund transactions are handled. The mandate was first introduced last year on specific merchants; however, it became effective on April 2019 for all merchants. This mandate applies to merchants...
by Joan Winnington | Jul 12, 2019 | Credit Card Processing, Merchant Industry News
Credit Card Processing Fraud AlertIt seems everywhere we turn there is some type of fraud happening. You go to the gas pump, get your gas, and within hours your bank calls to say someone swiped your card details and they are trying to use it several states away. Yes,...
by Joan Winnington | Jun 29, 2018 | Credit Card Processing, Merchant Industry News
Many Merchants Expected To Erase Signature Requirements From Their Checkout Counters The Credit Card Signatures are no longer required by the Associations at the point of sale when Chip Card is processed. Payment card networks and merchant acquirers still don’t have a...
by Joan Winnington | Jul 18, 2017 | Credit Card Processing, Uncategorized
We have important information for you about MasterCard’s BIN expansion. They have issued 2-series BIN cards and you will need to take action to prepare for this new payment or be fined by MasterCard. The fines start at $2500 for the first occurrence, when the...