Most merchants have likely seen a disclaimer on their monthly credit card processing statements about an upcoming increase in Interchange rates. The card associations (Visa and MasterCard) have announced some significant changes. As you are probably aware there are hundreds of different Interchange categories. During…
Month: September 2008
ACH Processing: Replacing Check Writing?
ACH Processing Solutions I belong to a networking group and have been told multiple times my monthly dues needed to be paid and I have to remember to bring a check. For those who refuse to adopt current forms of payment, there are ways that…
How Rising Interchange Rates Can Affect Your Business
Interchange Rates There are many third-party processors out there that benefit when the Bank Card Associations, Visa and MasterCard, raise their rates. They look at this as an opportunity to make an additional profit from their merchants. Merchant services providers get to decide how they…