If your card batch is larger than the amount deposited into your bank, the processor may be deducting processing fees before funding you. In a daily discount vs monthly discount merchant account, daily billing may collect fees from each settlement, while monthly billing generally lets fees accumulate and collects them...
Surcharging vs Cash Discount vs Dual Pricing: Compliance, Signage, Receipts, and Customer Messaging
For many merchants, payment processing fees are an ongoing cost of doing business that affects profitability. Unlike other costs of doing business, such as rent and labor, payment processing fees are not always obvious and are mandatory. They tend to show up on merchant statements without warning. To structure payment...
How to Spot Hidden Fees in Merchant Service Agreements
In today’s fast-paced business environment, where digital payments are commonplace and transactions occur every second, merchant service agreements are essential to how companies receive, handle, and process payments. In order to guarantee that every card swipe and online transaction is safe and easy, these contracts specify the interactions between merchants,...