“Junk Fees” To Watch Out For On Your Merchant Account

Posted on 02. Nov, 2011 by in Merchant Resources

  Fees.  Admit it, you clamed up a little bit when you just read that.  The word itself conjures up images of fat cat bankers rolling around in piles of your hard earned money, and dubious lawyers that bury clauses in fine print.   A fee implies a penalty…money taken from you for no particular service [...]

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How To Read and Understand Your Credit Card Processing Statement

Posted on 10. May, 2011 by in Merchant Resources

If you’re like most businesses, credit card processing charges are the proverbial black hole in your budget.  While other areas such as purchasing, advertising allotments, and utility bills are scrutinized and micromanaged for savings, credit card processing is often taken for granted as a cost that just nets itself off the bottom line.  This is [...]

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ERR Pricing Format – what it is and why you don’t want it!

Posted on 26. Aug, 2010 by in Merchant Resources

ERR Pricing Format – what it is and why you don’t want it! Have you ever heard the phrase “if it sounds too good to be true, it probably is?”   This as an apt descriptor of the ERR rate.  ERR stands for “Enhanced Recover Reduced”, and is sometimes called a mixed or blended rate, and [...]

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How To Save Money on Credit Card Processing

Posted on 25. Feb, 2010 by in Merchant Resources

What you don’t know about credit card processing could be costing you thousands! It’s been said that in real estate, it’s all about location, location location.  Well, when it comes to credit card processing, it can be said that it’s all about risk – that is, risk, risk, risk! Credit card company processing rates are [...]

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Glossary of Terms for Merchant Accounts

Posted on 19. Feb, 2010 by in Merchant Resources

This list briefly defines many common terms to retail merchant accounts and credit card processing: CVV2 (Three Digits): CVV2 is the card verification value, a three or four digit number printed on the credit card. The location of the CVV2 on the card varies from brand to brand, and is often used to verify that [...]

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What is credit card processing?

Posted on 19. Feb, 2010 by in Merchant Resources

Credit Card Processing and merchant accounts Overview Credit card processing involves a relationship between a retailer and a bank or financial institution. As the retailer, you can accept credit cards as payment for goods or services. The financial institution approves each transaction, checks for security and safety, and transfers the funds from the credit card’s [...]

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Free credit card logos

Posted on 06. Jan, 2010 by in Merchant Resources

We have put some Visa, MasterCard, American Express, Discover, and PayPal credit card logos below for you to use. Feel free to use these images on your website. Simply copy and paste the Plug In HTML code directly into your webpage. All images are of high quality and optimized for faster loading times. If you [...]

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Gateways and Virtual Terminals – Your Online Cash Register

Posted on 19. Dec, 2009 by in Merchant Resources

Just a few short years ago, gateways and virtual terminals were little more than a “go between” service for E-commerce merchants, linking their online shopping cart to their merchant account.   Innovation Today, a virtual terminal / gateway service opens a world of possibilities, and not just for online merchants. Manufacturers and wholesalers, medical billing offices, [...]

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Need Merchant Services? Don’t Look at the Bank

Posted on 16. Nov, 2009 by in Merchant Resources

It can be tempting for a business owner to consider keeping all their financial resources in one place – usually their bank. The bank has their checking account, may have provided a loan to get the business going and has probably offered a great deal of sound financial advice. However, when that business makes the [...]

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Credit Card Diagram

Posted on 28. Oct, 2009 by in Merchant Resources

Merchant Solutions llc prepared a credit card diagram for you, here is the processing of accepting a  credit card. Most businesses require an easy and affordable way to accept credit cards from their customers. Below is a step by step process of how to accept credit cards, and whether you accept payment in your store, [...]

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