Owner: Straight Pass Through Blog URL:http://www.straightpassthrough.biz Join Date: Thu, 09 Aug 2007 23:02:01 -0500 Rating:0 Site Description: Merchant Accounts Made Simple. Taking the mystery out of hard to read merchant account statements, misleading teaser rates and terms such as "EIRF", "interchange" and "non-qualified". Plus some thoughts on how business should Site statistics:Click here
Merchant Accounts for the Rich and Famous 2008-03-04 13:16:00 Have you ever wondered what kind of merchant account the rich and famous businesses of the Fortune 500 have? Just in case you have the answer is Interchange Plus. What is Interchange Plus? First lets...
Merchant Accounts
Made Simple. Taking the mystery out of hard to read merchant account statements, misleading teaser rates and terms such as "EIRF", "interchange" and "non-qualified". Plus some thoughts on how business should be done.
Read more:Famous
Straight Pass Through Explained 2008-02-27 07:00:00 Check out one of my Power Point presentations about merchant accounts and straight pass through: | View | Upload your own
Merchant Accounts Made Simple. Taking the mystery out of hard to read merchant account statements, misleading teaser rates and terms such as "EIRF", "interchange" and "non-qualified". Plus some thoughts on how business should be done.
Read more:Straight
Debit or Credit? 2008-02-26 15:58:13 by John Robinson Debit
or Credit? If you’re a brick-and-mortar merchant, do you accept PIN-based debit? If not, you may be missing out on a tremendous opportunity to reduce your bottom line. If so,...
Merchant Accounts Made Simple. Taking the mystery out of hard to read merchant account statements, misleading teaser rates and terms such as "EIRF", "interchange" and "non-qualified". Plus some thoughts on how business should be done.
Business and Corporate Card Prompts 2008-02-26 15:30:25 Each month I review my client's merchant account statements. I want to make sure they are saving at least as much money I promised and are having their transactions qualify for the lowest rates. I...
Merchant Accounts Made Simple. Taking the mystery out of hard to read merchant account statements, misleading teaser rates and terms such as "EIRF", "interchange" and "non-qualified". Plus some thoughts on how business should be done.
Read more:Business
, Prompts
Eight Ways to Save Money - Method #8 2008-01-23 11:12:21 Capture Level II and III Data on Commercial Card Transactions Visa and MasterCard business, commercial and purchasing cards are used just like personal credit cards. However, these cards have higher...
Merchant Accounts Made Simple. Taking the mystery out of hard to read merchant account statements, misleading teaser rates and terms such as "EIRF", "interchange" and "non-qualified". Plus some thoughts on how business should be done.
Read more:Eight
, Money
Eight Ways to Save Money - Method #7 2008-01-17 10:31:40 Obtain Authorization/Settlement Mismatch Exemptions In general, any variation between authorization and settlement amounts cause downgrades for merchants, which always results in higher fees....
Merchant Accounts Made Simple. Taking the mystery out of hard to read merchant account statements, misleading teaser rates and terms such as "EIRF", "interchange" and "non-qualified". Plus some thoughts on how business should be done.
Read more:Eight
, Money
Are you using PC Charge? 2008-01-11 09:11:20 If you happen to use PC Charge for your merchant account transactions listen up! I have been running into merchant accounts having major problems with credit card transaction downgrades because PC...
Merchant Accounts Made Simple. Taking the mystery out of hard to read merchant account statements, misleading teaser rates and terms such as "EIRF", "interchange" and "non-qualified". Plus some thoughts on how business should be done.
Eight Ways to Save Money - Method #6 2007-12-05 09:19:01 Gain Authorization/Settlement Mismatch Exceptions In general, any variation between authorization and settlement amounts cause a downgrade resulting in higher fees. However, certain industries are...
Merchant Accounts Made Simple. Taking the mystery out of hard to read merchant account statements, misleading teaser rates and terms such as "EIRF", "interchange" and "non-qualified". Plus some thoughts on how business should be done.
Read more:Eight
, Money
Eight Ways to Save Money - Method #5 2007-12-01 12:13:32 Settle Batches On Time First lets start with some key definitions: Batch - The accumulation of captured credit card transactions in the merchant's terminal or POS awaiting settlement. Settlement -...
Merchant Accounts Made Simple. Taking the mystery out of hard to read merchant account statements, misleading teaser rates and terms such as "EIRF", "interchange" and "non-qualified". Plus some thoughts on how business should be done.
Read more:Eight
, Money
Eight Ways to Save Money - Method #4 2007-11-28 16:43:50 Use The Address Verification Service (AVS) Correctly for Card Not Present Transactions AVS uses the billing information associated with a credit card to verify the card holder's address. This is...
Merchant Accounts Made Simple. Taking the mystery out of hard to read merchant account statements, misleading teaser rates and terms such as "EIRF", "interchange" and "non-qualified". Plus some thoughts on how business should be done.
Read more:Eight
, Money
Eight Ways to Save Money - Method #3 2007-11-26 11:47:27 Make Sure Your Account is Set up with the Right Merchant Category Code (MCC) Certain industries qualify for special incentive programs that result in better rates. For instance, Visa and MasterCard...
Merchant Accounts Made Simple. Taking the mystery out of hard to read merchant account statements, misleading teaser rates and terms such as "EIRF", "interchange" and "non-qualified". Plus some thoughts on how business should be done.
Read more:Eight
, Money
Eight Ways to Save Money - Method #2 2007-11-21 09:11:24 Accept Pin Debit This means having a pin pad for your clients to enter their PIN number when they use their debit card. These transactions normally have a flat rate per transaction. Let's compare the...
Merchant Accounts Made Simple. Taking the mystery out of hard to read merchant account statements, misleading teaser rates and terms such as "EIRF", "interchange" and "non-qualified". Plus some thoughts on how business should be done.
Read more:Eight
, Money
Eight Ways to Save Money - Method #1 2007-11-20 09:55:44 Swipe Customer Cards Whenever Possible I run into many businesses that are calling in their transactions and see no use for a terminal. This may work for businesses with very little volume, however...
Merchant Accounts Made Simple. Taking the mystery out of hard to read merchant account statements, misleading teaser rates and terms such as "EIRF", "interchange" and "non-qualified". Plus some thoughts on how business should be done.
Read more:Eight
, Money
Merchant Account Secrets - Eight Ways to Save Money 2007-11-19 10:07:09 I know the word "secrets" could be construed as an overstatement. However, I talk to merchants from all over the country every day and most them do not know one thing about how to keep merchant...
Merchant Account
s Made Simple. Taking the mystery out of hard to read merchant account statements, misleading teaser rates and terms such as "EIRF", "interchange" and "non-qualified". Plus some thoughts on how business should be done.
Read more:Eight
, Money
, Secrets
More on PCI Compliance 2007-11-13 09:14:43 If you saw the post here on Friday about PCI compliance you may be looking for more information about becoming PCI compliant. Here a direct links to Visa and MasterCard that reveal what they have to...
Merchant Accounts Made Simple. Taking the mystery out of hard to read merchant account statements, misleading teaser rates and terms such as "EIRF", "interchange" and "non-qualified". Plus some thoughts on how business should be done.
Read more:Compliance
What is EIRF? 2007-11-09 09:47:56 No, EIRF is not a cousin of the once popular Smurfs. In fact EIRF is not any where close to being a nice, soft, smiling, blue cartoon character. On the contrary, EIRF is disagreeable, hard, frowning...
Merchant Accounts Made Simple. Taking the mystery out of hard to read merchant account statements, misleading teaser rates and terms such as "EIRF", "interchange" and "non-qualified". Plus some thoughts on how business should be done.
What small businesses need to know about PCI Compliance 2007-11-09 08:39:17 I really do not like to put links to my competitor's web sites on this blog. Having said that, below is a link to another credit card processing company's blog. I am pointing it because they have a...
Merchant Accounts Made Simple. Taking the mystery out of hard to read merchant account statements, misleading teaser rates and terms such as "EIRF", "interchange" and "non-qualified". Plus some thoughts on how business should be done.
Read more:Compliance
, businesses
Tip of the Iceberg - Missing Debit Card Rate Reduction 2007-11-06 20:20:34 I am reviewed three merchant account statements today and they all have one thing in common - these businesses are not receiving a reduction in rate when a customer uses a debit card. On one...
Merchant Accounts Made Simple. Taking the mystery out of hard to read merchant account statements, misleading teaser rates and terms such as "EIRF", "interchange" and "non-qualified". Plus some thoughts on how business should be done.
Read more:Debit
, Iceberg
, Missing
Small Ticket Discount 2007-11-05 11:31:49 Does your business have a lot of transactions that come in under $25? If so you owe it to yourself to see if you qualify for better pricing on those transactions. If you do Visa drops your per...
Merchant Accounts Made Simple. Taking the mystery out of hard to read merchant account statements, misleading teaser rates and terms such as "EIRF", "interchange" and "non-qualified". Plus some thoughts on how business should be done.
Read more:Small
, Ticket
, Discount
News: Concerns about Payments Fraud 2008-03-13 11:42:59 The Association for Financial Professionals reports results from its 2008 AFP Payments Fraud and Control Survey concluding that” “payments fraud continues to challenge treasury and finance professionals, with almost one third of respondents to a new AFP survey reporting that incidents of fraud increased in 2007 compared to 2006.”
To read more click here.
What is Straight Pass Through? 2008-03-10 17:46:24 Straight pass through has to do with merchant account risk. Visa and MasterCard have set specific rules to deal with these risks. For example, a keyed in transaction is a higher risk than a swiped transaction, because many times the card holder is not physically present. For keyed transactions, processed correctly, [...] Read more:Straight
Merchant Accounts for the Rich and Famous 2008-03-10 15:04:44 Have you ever wondered what kind of merchant account the rich and famous businesses of the Fortune 500 have? Just in case you have the answer is Interchange Plus.
What is Interchange Plus?
First lets start by defining Interchange. Interchange is the set discount rates from Visa and MasterCard for various types of [...] Read more:Accounts
, Famous
What to do With Fraud 2008-03-04 19:06:19 by John Robinson
It’s a terrible thing to have happen. You’ve been alerted by your processor that you have a chargeback to fight. Sheesh. “At least”, you think, “I got all the receipts, signatures, etc. and should still get my money back.” And then you discover the cardholder reported their card stolen the day of the [...]
Straight Pass Through Explained 2008-02-27 07:00:00 Check out one of my Power Point presentations about merchant accounts and straight pass through:
| View | Upload your own Read more:Straight
Debit or Credit? 2008-02-26 15:58:13 by John Robinson
Debit
or Credit?
If you’re a brick-and-mortar merchant, do you accept PIN-based debit? If not, you may be missing out on a tremendous opportunity to reduce your bottom line. If so, you may not be aware of several ways to improve on that reduction, as well as a few pitfalls you should avoid.
Debit? What [...]
Business and Corporate Card Prompts 2008-02-26 15:30:25 Each month I review my client’s merchant account statements. I want to make sure they are saving at least as much money I promised and are having their transactions qualify for the lowest rates.
I just got off the phone with a new client of mine; a winery in St. Helena, CA. They are [...] Read more:Business
, Prompts
Eight Ways to Save Money - Method #8 2008-01-23 11:12:21 Capture Level II and III Data on Corporate Card Transactions
Visa and MasterCard business, commercial and purchasing cards are used just like personal credit cards. However, these cards have higher interchange rates because they offer businesses high value (and costly) features such as enhanced reporting, consolidated billing for multiple cards and statement enhancements.
The general rule [...] Read more:Eight
, Money
Eight Ways to Save Money - Method #7 2008-01-17 10:31:40 Obtain Authorization/Settlement Mismatch Exemptions
In general, any variation between authorization and settlement amounts cause downgrades for merchants, which always results in higher fees. However, certain industries are allowed some authorization/settlement leeway due to the nature of their business. For example a restaurant; because an authorization will not include a figure for a tip the [...] Read more:Eight
, Money
Are you using PC Charge? 2008-01-11 09:11:20 If you happen to use PC Charge for your merchant account transactions listen up! I have been running into merchant accounts having major problems with credit card transaction downgrades because PC Charge is not set up correctly. This means these businesses are paying more than they need to for their merchant account.
Here is [...]
How Merchant Accounts Work 2008-03-22 08:36:30 Check out this very simple flash presentation from MasterCard that reveals visually how merchant accounts work:
How MasterCard Works
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