How Credit Card Processing Works

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January 1, 2014

How Credit Card Processing Works

As a merchant you've likely wondered what happens from the time you accept your customer's credit card to the time you receive payment. In fact three main processes are involved in the transaction, Authorization, Settlement, and Funding; in an effort to aid our merchants in...

Understanding Interchange Rates

Shannon Andrade | VIEW PROFILE

July 10, 2013

Understanding Interchange Rates

Paying with cash is becoming a rarity. Customers today expect to have the option of paying via credit or debit and many will even leave a store or choose one merchant over another because they can pay with plastic as opposed to paper currency. And, with mobile payments on the...

Where Will Traditional ISOs fit in the Future Payments Ecosystem?

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November 9, 2012

Henry Helgeson, CEOTraditional ISOs are going to have to evolve very quickly here. Payments are becoming more and more commoditized if we just look at the straight payment and not all the value that's built around the payment in mobile. It's a play that requires a lot of...

What led you to Genius?

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October 30, 2012

Henry Helgeson, CEOGenius was a concept that started in mid-2011. We started looking at mobile payments and how they were going to impact the industry. And really what drove this was in September of 2011, Visa was put out there. Their TIP program, the Visa TIP program that...

LevelUp, Zero Interchange, and Merchant Services

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October 14, 2012

Henry Helgeson, CEOI love the concept of zero interchange, it speaks to having to drive value to merchants. And not just charging for the payment but the value of bringing in new customers and getting existing customers return to the merchant. The revenue model will shift in...

Small Business, Big Opportunity – Credit Card Acceptance

Michael Gavin | VIEW PROFILE

July 30, 2012

Small Business Credit Card Processing

According to a recent report from Intuit Small Business, an astounding 55 percent, or 14.85 million, of small businesses in the U.S. do not accept credit cards. It’s estimated that these businesses miss out on a potential 100 billion dollars in annual sales. These are amazing...

Interchange and Assessments - What are they? / What to look out for?

Shannon Andrade | VIEW PROFILE

May 31, 2012

Shannon Andrade |

Have you ever wondered how merchant service providers determine merchant account pricing, or why some credit card transactions cost more than others? To better understand what you’re paying for, you need to know how merchant account pricing is established. Simply put, there...

A Student's Guide to the Credit Card

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May 31, 2012

Working in merchant services since 1998, Merchant Warehouse has long believed that an informed consumer is an empowered consumer. This expands beyond our own training and education programs for merchants looking to learn more about processing credit cards at their...

"Cash is King" and Your Small Business

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September 20, 2011

We’re roughly two weeks out from the Oct. 1 deadline that will see the new interchange, or “swipe”, fee regulation go into effect, and we’re starting to see activity in regards to what is being said - good, bad and indifferent - about this change. Merchant Warehouse ran across...

The Durbin Amendment

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September 1, 2011

Durbin Amendment

The Durbin Amendment is Section 920 in the Dodd-Frank Wall Street Reform and Consumer Act, which is part of the broader Financial Regulation Reform and Consumer Act passed by the Senate in May 2010.The Durbin Amendment was included in the Dodd-Frank bill by Senator Richard...