A business’s success oftentimes depends on thriving revenue and cash flow, making cutting monthly fees and saving money of utmost importance. One example of a monthly fee that consistently eats into revenue is a monthly credit card processing fee. Many business owners receive this bill, pay it and never think twice about it because they believe it can’t be lowered. The truth is, however, there are merchant processing companies that can lower your cost by offering transparent monthly fees and no contract, significantly reducing your bill each month.
Below are key elements to understanding your monthly payment processing statement, and some red flags to look for that indicate you should switch processors...
For almost all of February, China has battled to contain the novel Coronavirus that causes the disease COVID-19. This has lead the economy to nearly being shut down. Now that the virus has continued to spread to other nations, restaurants around the globe are beginning to suffer. As sales are declining, we'll explain how some are altering their operations.
We get at least one call per week from customers who want to switch from Clover’s point of sale system. We never understood why there was so much dissatisfaction, but we realized that most people who were unhappy had purchased the system from their bank.
On September 25, 2019, the merchant services company Square announced new pricing for their customers to take effect November 1. In the email, Square noted that their flat 2.75% pricing for tapped, dipped, and swiped transactions would now be changing.
80% of small-business data breaches are associated with insecure implementation and/or servicing by point-of-sale (POS) integrators and resellers, according to a recent statistic from Visa. For businesses like yours, the QIR program allows you to easily identify and engage a qualified professional to install and support PA-DSS validated payment applications such as point-of-sale systems. The once-optional program is now becoming a requirement for businesses.