Archive for the Fees Category

Understanding Credit Card Processing Fees

25953098 - hands holding bank cards in flat design style.

25953098 - hands holding bank cards in flat design style.

Credit card processing fees can be extremely complex and overwhelming for merchants to understand. Unfortunately, they are a reality of doing business if you wish to accept credit card payments from your customers. If you are looking to choose a payment processing company or are interested in making a switch, it’s essential that you understand the different types of fees and how they work. With a clear picture of what these fees mean, you can get a better idea of just what you’ll be paying on a monthly basis. Read more

Are Processing Refunds Costing You Too Much?

 

Many are not aware that there are 3 distinct ways to account for refunds on credit card transactions: Read more

Visa & MasterCard reduce their rates for merchants who accept credit cards

Visa & Master Card - Merchant Services - London Ontario and Windsor Ontario

What rate are you paying?  Starting in April 2015, Visa and Mastercard have both reduced their rates for all merchants who accept credit cards. This is a first-ever reduction in interchange fees to accept credit cards. Read more

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