An interchange rate is a fee that your customer’s credit card company –– in this case, Visa –– takes from each transaction. Whether you’re an e-commerce or physical retailer, understanding interchange fees can often be challenging as a small business owner. It’s even more challenging when you realize that Visa cards charge slightly different interchange […]
If PCI compliance was a hot topic before the highly-publicized retail data breaches of 2018, then in the time since the breaches came to the surface the topic of PCI compliance has become positively trending. Since January of 2018, a minimum of 11 well-known retailers ––including Saks Fifth Avenue, Marriot Hotels, Planet Hollywood, Adidas, and […]
Although online commerce is going nowhere, in-person customer experiences still prevail. Time and time again, consumers are proving that prefer the experience of shopping. And brands get to make authentic connections — that lead to lifelong customer loyalty. But the in-person experience isn’t always great. In fact, the biggest pain point for more than 70% […]
Square reported earnings this week and one thing from the report really caught my eye. They reported that a higher percentage of revenue is coming from large merchants. Square offers a simple pricing structure of 2.75% per transaction (or 3.5% and $0.30 if Keyed In). This is a great deal for some merchants but a bad […]
We’ve chosen the most popular credit card terminals on the market (that you probably already have) and show you how to make them EMV compliant and NFC compatible. If you’re looking to completely upgrade, we’ll also be showing you one of the best credit card terminal options for your business. US business need to be […]
The EMV liability shift in October is quickly approaching, so don’t be left behind. The EMV chip and pin cards have been used in Europe for years and talked about in the US for quite some time, but now they are finally being implemented. EMV cards are meant to reduce credit card fraud by making […]
At first glance, it’s easy to confuse the Clover Mini device with a tablet based mobile card reader because of its modern design and user interface. Instead, the Clover Mini should be praised for its uniqueness, especially because the average credit card terminal really hasn’t been redesigned for years. The Clover Mini is actually an aesthetically […]
This week, I returned from a family vacation in England, where my brothers in law live. It was great to visit family, see some castles, and (since I’m in the credit card processing biz) see what it’s going to be like next year, when Smart Cards take over in the US. Every single retail store, […]
Credit card giants like VISA and Mastercard are introducing new “smart cards” across America this year, and while this new technology may help reduce credit card fraud, it will also leave merchants liable to fines of up to $50,000 if they process a fraudulent transaction on a non-smart terminal. So what exactly are smart cards, and […]
