Programming Fee

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December 10, 2010

For retail merchants, a Programming Fee is a fee charged for programming the merchant’s sales terminal or credit card reader. Usually, the third-party credit card terminal service provider who sells or leases the credit card terminals to their merchant clients are the...

Transaction Fee

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December 10, 2010

A transaction fee is a per-item fee that is charged to the merchant by the acquirer for transaction activity such as sales, credits, returns, batch closures and more. A common transaction fee for keyed transactions, for example, is close to 30 cents. If a merchant makes...

Explaining Interchange and Assessments

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December 9, 2010

There are essentially are two basic fees that collectively make up the bulk of merchant account costs. In the credit card processing industry, these costs are regularly referred to as “interchange” and “assessments,” and are charged by bank-card networks like MasterCard and...

Credit Card Processing Fees and Rates - Where is my Money Going?

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December 9, 2010

There is always a concern for merchants when it comes to credit card processing and the rates, fees and penalties that are involved. Of course, no one likes to pay high rates for credit card processing, and some fees and penalties can make a business owner downright angry....

7 Merchant Service Fees To Be Alert For

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December 7, 2010

Although the idea of using a merchant account service for free is an out-and-out dream, thinking you can have one with a consistent, predictable, low and stable monthly price tag still puts you in the “fantasy minded” category. It is a far better thing for you and your...

Taking a Closer Look at Merchant Account Fees

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December 7, 2010

A merchant account allows you to complete credit, debit, payment card and other electronic funds transactions for your customers. Naturally, one major thing to be aware of when you establish a merchant account is all of the fees associated with it. Making careful...

Understanding Ecommerce Merchant Account Risk Types

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December 7, 2010

Transactions that are processed fraudulently, as well as security breaches that allow a customer’s personal account information to be stolen, cost billions of dollars per year for e-commerce and telephone order establishments. This makes it extremely important that these...

Avoid Overpaying for Credit Card Processing

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December 5, 2010

Credit card processing is an absolute necessity when a merchant has customers who want to spend big and spend fast. Some of the largest and highest volume sales among the millions made through merchants today are impulse buys made by consumers with credit cards. Not only...

How Do Chargebacks Affect My Merchant Account?

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November 25, 2010

A chargeback refers to a processed sales transaction that is disputed by a payment cardholder or their issuing bank. A chargeback actually occurs when a cardholder disputes an individual transaction or when proper bankcard acceptance and authorization procedures were not...

Advice on Avoiding Poor Credit Card Processing Sales Tactics

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November 25, 2010

Many experts claim that the average American family cannot dramatically improve their quality of life by simply accumulating more money with their daily jobs through raises and benefits. Especially in today’s volatile economy this seems less and less likely. So it is no...