When Is It Legal to Charge a Credit Card Processing Fee?

When Is It Legal to Charge a Credit Card Processing Fee

Share this Article A merchants main concern in business is bringing in as much revenue as possible. That’s why many look to fees charged by card companies with a wary eye. Their concern that will likely become even greater when Visa and Mastercard raise transaction processing fees in April. A solution many merchants have turned to is passing that cost …

Soar Payments Launches Paypod Payments Podcast

Paypod Payments Podcast

Share this Article Merchant service provider Soar Payments has officially launched “Paypod: The Payments Podcast.” The show will center on all things payments, and feature interviews with experts in digital payments software, fintech, security, mobile development, eCommerce and beyond. The host of “Paypod,” Scott Hawksworth, is a tech entrepreneur based in Chicago, IL. After founding a number of businesses that …

How Visa’s New Credit Card Chargeback Rules Impact Merchants

credit card chargeback

Share this Article In recent years, processing the growing number of credit card chargeback claims among consumers has become a burden for Visa. The time and money associated with processing all of these claims has led the company to overhaul the old model and rollout a new process to address chargebacks. The proposed changes went into effect just last month, …

What a Merchant Should Know About Credit Card Declines

What a Merchant Should Know About Credit Card Declines

Share this Article Accepting credit cards for your business has many advantages. One of the most convenient aspects is knowing instantly whether a payment was approved or declined. Rather than waiting days and dealing with a returned ACH payment, your business can know within seconds whether a card has gone through. When a card has been declined, the most common …

Preventing Fraud with Card Not Present Transactions

preventing fraud with card not present transactions

Share this Article EMV, better known as credit card chip technology, has revolutionized what it means to take a secure card payment during a card present transaction. The computer chip embedded in many new credit cards makes cloning card data much more difficult, deterring fraud.   But what advancements in technology have been created for merchants in a card not …

A Guide On Charging Credit Card Convenience Fees

credit card convenience fees

Share this Article Being a merchant is expensive. Your mission is to save money or boost profits any way you can. After all, your bottom line is at stake. This concern for the health of your business can drive you toward long-term success. But, if you try to bring in more money through credit card convenience fees, there are a …

High Risk Merchant Account Underwriting: What to Expect From The Process

High Risk Merchant Account

Share this Article The underwriting process for a merchant account can be invasive and exasperating for business owners. This is especially true of those in high risk industries like collections. Immoral or against-regulation activities by some people in the collections industry have given legitimate agents a bad reputation. Because of these untrustworthy few, processors and banks view high risk merchant …