Creating Customized Merchant Service Accounts

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May 31, 2012

Accepting Credit Cards

Think of all the different businesses you interact with and all the different ways they accept payments.  Ecommerce companies have different needs than clothing stores which have different needs than restaurants.  Throw in new technologies, which allow businesses to...

Why Searching for the Lowest Credit Card Processing Rates is a Mistake

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May 31, 2012

Shannon Andrade |

WHAT ARE YOUR RATES??!! That is the first question many merchants ask.  Unfortunately for them, it is perhaps the least important thing to focus on.  Many companies post either deceptively low rates or ones which only apply to a small fraction of transactions,...

5 ways to save on a Merchant Account

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May 31, 2012

Shannon Andrade |

Although accepting credit card payments may seem like a costly business expense, it certainly doesn’t have to be. Following are five ways you can save money on your merchant account, and avoid frustrating traps. 1) Never Focus Exclusively on Percentage “Discount” Rates....

Factors to Consider When Choosing a Merchant Account

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May 31, 2012

Shannon Andrade |

There are several factors to look at as well as traps to avoid when choosing the best merchant account for your business. This article should help guide you in making the best choice for your business when choosing a merchant account. Suspiciously Low Rates Make sure the rate...

Merchant Account Rates - Only Half the Story

Shannon Andrade | VIEW PROFILE

May 31, 2012

Shannon Andrade |

What are your Merchant Account Rates? This is a question our sales team hears throughout the day. So why doesn’t Merchant Warehouse just post our rates for merchant accounts on our website so that customers can compare pricing? The answer is a bit more complex than you may...

Key Credit Card Processing Terms

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December 10, 2010

There’s a lot involved in credit card processing for merchants and customers alike nowadays. It pays to know what terms are in regular use among your merchant service provider, customers, banks, credit card issuers and other integral people and organizations that help to...

Non-Qualified Rate

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December 10, 2010

Discount rates are the percentage-based fees required to process the credit card transaction of a merchant and are paid to a credit card processing organization and the acquiring bank for the expense and time required in handling the electronic transaction. In the...

Mid-Qualified

Merchant Warehouse | VIEW PROFILE

December 10, 2010

Discount rates are percentage-based fees needed to process a credit card or similar sales transaction for a merchant, which are paid to a credit card processing organization and an acquiring bank for the expense and time that is required to handle of several electronic...

Discount Rate

Merchant Warehouse | VIEW PROFILE

December 10, 2010

A Discount Rate – or Merchant Discount Rate (MDR) – is a percentage-based fee required for processing a merchant’s credit card or other related sales transaction that is paid to an acquiring bank and the credit card processing organization for the time and expense that is...

Understanding Merchant Account Discount Rates

Merchant Warehouse | VIEW PROFILE

December 10, 2010

As a merchant, when you start up your new company, there are several fees and costs that arise right away that naturally must be taken care of. Some are for planning and building, while others involve facets of the merchant account crucial to business operation. Many of...