Owner: Credit Card Processing blog URL:http://3dmerchant.com/blog/ Join Date: Mon, 10 Nov 2008 20:57:41 -0600 Rating:0 Site Description: Industry rep posts critical information for those examining their credit card processing operation. From what to look for in a vendor, to how to know if you have a good price plan, this blog has many golden nuggets that should be visited. Site statistics:Click here
Banks discouraging pin-based debit hurts merchants 2008-11-05 12:36:39 Where does all the money go for your credit card processing costs?
We’ve answered this before. Most of it goes to the banks. In a few moments, you’ll read about their blatant promotions to make more money at your expense.
If you process a transaction at the best interchange qualification, they make a little money. [...] Read more:merchants
Don’t do this when looking for a Retail POS solution 2008-10-10 12:18:50 I don’t have the answer for which Retail
POS Solution you should choose, but I do have some extremely important tips.
1. Do not enter into a long term contract for your payment processor.
2. Do not choose a POS solution that has limited choices for who will do your credit card processing.
This is a [...]
XD1000 wireless countertop credit card terminal 2008-09-03 10:44:36 The XD1000 wireless countertop credit
card terminal
is a next generation credit card terminal. What makes it unique is the ability to switch from wired to wireless, USB and Serial Port integration for PC connections, and integrated RFID reader. There are many cool new features for a countertop terminal, but I haven’t seen a wireless [...]
Debit Interchange update 2008-09-01 08:46:05 Recent alert from Chase Paymentech for Tier 4 Retail merchants (less than $450M in Interlink sales/ 13 M transactions):
Interlink Network = $.75% + $.15 (no cap), switch fee $.04
Pulse network- added new small ticket category- registration is required to receive this rate
##
Customers process most transactions using the Visa/Mastercard Interchange system which includes a % of [...] Read more:Debit
Can increasing credit card processing rates help your business? 2008-08-29 09:01:44 The most obvious answer is any credit
card processing rate increase is bad and your business is going to get the squeeze. But there is another side to this story. A reporter from US News & World Report interviewed me the other day regarding this very topic. Here are the ways it can have [...]
3 things you need to know to compare merchant rates 2008-08-26 12:59:01 What 3 things
do you need to know to compare credit card processing rates?
1. What is the quoted rate?
2. What are the criteria to qualify for that rate?
3. What is your cost if you do not qualify for the quoted rate?
The same questions put in merchant
account lingo?
1. What is the qualified rate?
2. [...]
What is your effective credit card processing rate? 2008 survey 2008-08-26 05:50:16 COMMENTS FOR THIS ARTICLE: Please type in 3 quick answers:
What is your effectivecredit
card processing rate? Add up your costs: use only your Visa and MasterCard fees, plus equipment and statement fees. Divide by your net sales. move the decimal over 2 spots. That’s your effective rate.
example costs= $1500 + $10 + $0 [...]
top 10 credit card processing companies 2008-08-25 15:41:01 I was looking for something and came upon this site that has the top ten reviews for credit
card processing and a lot of other subjects. The site makes it’s money from advertising, including linking to the companies it reviews.
They don’t claim to be impartial. The information is probably accurate with respect to costs. [...]
Is this a good merchant account offer? 2008-08-21 18:46:49 This is the information sent to a friend for a credit card processing account:
AUTHORIZE.NET VIRTUAL TERMINAL
No cost for set up
$5.00 a month
2.20 % per transaction
or
2.84 % per transaction if security info is missing
.20 per transaction
No Cancellation Fee
1 week to set up
What’s wrong with this offer?
Authorize.net does not provide payment processing. They are a gateway [...] Read more:merchant
Storage of Credit Card Details 2008-08-19 09:31:43 How secure is the credit card data you collect?
In the home repair industry, including alarm systems, air conditioning repair, garage door repairs etc, credit card acceptance has increased dramatically. But how secure is the data collected?
The most common scenario is for the work order to be written up, and the credit card information [...] Read more:Credit Card
nova credit card processing rates 2008-11-28 05:15:52 Costco offers a discount credit
card processing solution with it’s partner Nova Information Systems.
Is this a good deal? It really depends on the merchant, their volume and their business set-up. Read the fine print - “Rates listed are for qualified transactions. Reward cards process at a higher rate. ”
What’s a qualified transaction? For the merchant [...]
How can I get pin-less debit? 2008-11-19 10:14:11 Finding someone who can offer you Pin-less debit is not as easy as finding a merchant processor. Not every merchant processor offers this service.
Nor can every business offer pin-less debit. Only those who provide regulated services, including utilities, lenders and government agencies can offer it.
Online debit has increased from
B2B credit card processing video message 2008-11-18 10:53:44 Short introductory video
message for building suppliers looking to improve profit margins.
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-card-processing-video-message%2F';
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What is pin-less debit? 2008-11-18 10:07:14 Pin-less debit comes from online debit transactions that are processed via EFT networks ie STAR, PULSE etc.
In traditional retail if the merchant is maximizing the low cost debit networks, the consumer buys a product in the store and enters their pin number. The merchant is charged a flat fee. If the consumer does [...]
Fall 2008 Interchange rate increases B2B 2008-11-17 14:49:20 Visa & MasterCard both announced changes for October 2008, with B2B companies again likely to feel the biggest negative impact.
Interchange Rate Changes
Corporate Card Level II Data Rate + 0.05%
Business Card Level II Data Rate + 0.05%
Purchasing Card Level II Data Rate + 0.05%
Commercial Card Retail - Corporate - 0.10%
Commercial [...]
October 2008 Visa - MasterCard Interchange updates 2008-11-17 14:33:54 Visa and MasterCard
recently announced revised interchange adjustments for Fall 2008. Effective October
3, 2008, all qualifying merchants will be subject to the following revisions:
Visa Revisions Effective October 3. 2008
Visa Fuel Merchants Rate Changes - Effective October 3, Visa will institute one consolidated interchange rate affecting all consumer credit products for Merchant Clearing Codes Read more:updates
Ingenico Announces Class A Certification from Chase Paymentech Solutions 2008-11-15 10:02:38 Atlanta, GA (PRWEB) August 15, 2008 — Ingenico, the world’s leader in secure transactions and payment solutions, announced today that they have received Class A certification for their payment transaction terminals running the new EuroPay MasterCard Visa (EMV) application created for Chase Paymentech Solutions. The Ingenico i3070, i5310 and i7780 terminals, running the EMV [...] Read more:Certification
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