COVID-19 Restrictions & How Cash Discounting Can Offset These Across the U.S., businesses small and large are still being curtailed by Covid-related restrictions. Unable to operate at full capacity, businesses are struggling with raising revenue, which means they’ve had to turn elsewhere to offset financial losses. Eliminating credit card fees is one option, and now many businesses are viewing eliminating…
Supreme Court Rules in favor of Merchant Free Speech Merchants may soon have the right to tell customers that they will pay a surcharge if they use a credit card rather than pay with cash In New York and nine other states, merchants are barred from charging credit-card purchasers a surcharge, but are allowed to offer discounts for paying in…
Surcharge vs Cash Discount Program – The Simple Difference Many small businesses are looking for solutions to keep accepting cards but avoid the monthly interchange fees. An answer to this dilemma was solved in recently formulated cash discount programs, which were federally authorized in all 50 states in 2011. However, there has been some confusion as to what a cash…
Lets Compare: PayPal vs Square vs Swipe4Free After testing and researching the main credit card processing options, there were three clear frontrunners: Square, PayPal Here, and Swipe4Free. In the write up below, we compare the cost, functionality, ease of use, customer service, and overall value of each provider, and make our recommendation about which provider is the best for your…
How To Set Up Merchant Account For Your Business? A merchant account lets your business accept debit and credit card payments.Setup merchant account for your business, requires 4 steps of process;There are two ways to get a merchant account; both require that you enter into an agreement: Enter into an agreement with a member bank that has a processing relationship with Visa and Mastercard. Enter into…
How To Reduce Your Credit Card Processing Fee? Ever wonder why there are so many different merchant services and payment solutions willing to help you reduce credit card processing fee? The reason is because it can be a lucrative business. Every time a credit card is swiped and processed there are a handful of companies (issuing bank, credit card company,…
