The Credit Card Processing Effective Rate: How to Compare Merchant Service Providers

The Credit Card Processing Effective Rate: How to Compare Merchant Service Providers By Alexandra Sheehan It’s pretty much a given that entrepreneurs who want to get serious about their business in 2019 need to accept credit card payments. They account for well over half of consumer transactions by a dollar spent — compared to just […]

How Credit Card Processing Works: Who’s Involved and What Happens?

How Credit Card Processing Works: Who’s Involved and What Happens? By Alexandra Sheehan In 2017, credit cards were used for more than 60% of consumer payments (by dollar spent), according to the Wall Street Journal — more than any other form of payment. How do those credit card transactions turn into dollars in your business […]

Refunding Money: How to Create a Refund Policy While Increasing Revenue

Refunding Money: How to Create a Refund Policy While Increasing Revenue By Alexandra Sheehan $351 billion. That’s how much product consumers returned in 2017.  Sounds like a huge number, right?  It’s only 10% of total retail sales that year.  While technically speaking, refunds involve taking money out of your pocket and putting it back into […]

What to Do if Your Credit Card Processor Increases Your Rates

What to Do if Your Credit Card Processor Increases Your Rates By Jasmine Glasheen Credit card processing has never been cheap for merchants. Yet in the past decade, it has become a substantial, growing (and sometimes shocking) expense for small and large business owners alike.  The Nilson Report found that merchants paid an estimated $64 […]

Debunking Misconceptions About Wholesale Credit Card Processing Rates

Debunking Misconceptions About Wholesale Credit Card Processing Rates By Alexandra Sheehan It’s nearly impossible to thrive as a small business without accepting credit cards as payment. In 2017, credit cards were used for more than 62% of consumer payments by dollars spent. And though it’s a necessary cost of doing business, it does come with […]

Payment Depot vs. Fattmerchant: Which Solution is Right for Your Business?

Payment Depot vs. Fattmerchant: Which Solution is Right for Your Business? By Jasmine Glasheen Choosing between payment processing providers is a challenge — especially when you come across two payment processing companies that seem quite similar at first glances, such as Payment Depot and Fattmerchant.  Since both Payment Depot and Fattmerchant offer membership-based credit card […]

How to Prevent Friendly Fraud in Your Small Business

How to Prevent Friendly Fraud in Your Small Business By Alexandra Sheehan Don’t be fooled: Though friendly fraud might sound nice, it’s anything but. Friendly fraud is still fraud, and it’s detrimental to businesses across the globe.  Fraud is THE top payment-related challenge retailers face. And it’s even worse for SMBs: Businesses with fewer than 100 […]

Wireless Credit Card Processing: How Does It Work and How Much Does It Cost?

Wireless Credit Card Processing: How Does It Work and How Much Does It Cost? Wireless is everywhere today. From our internet connection to our phones, computers, speakers and even televisions, wireless has penetrated our lives to make things more accessible and give us the freedom to browse the internet, watch our favorite shows and make […]

What Are the Average Credit Card Processing Fees That Merchants Pay?

What Are the Average Credit Card Processing Fees That Merchants Pay?  It goes without saying that every modern company needs to accept credit card payments. As the Wall Street Journal recently pointed out, credit cards capture the majority share of consumer dollars. In 2017, card payments accounted for 62.3% of consumer payments by dollars spent, […]

Payment Depot Reviews: What Merchants and Experts are Saying

Payment Depot Reviews: What Merchants and Experts are Saying   If you’ve landed on this post chances are that you’re considering Payment Depot for your credit card processing needs and are looking for social proof and commentary on our services. We hear you. Which is why in this post, we’ve compiled a handful of notable […]

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