When a merchant signs a credit or debit card processing agreement, they also sign a Pre-Authorized Debit (PAD) agreement that allows the processor to deposit and withdraw funds from the business bank account. What many business owners don’t realize is that ending the processing contract does...
If you could sell your products or services without your customers knowing exactly what you paid for them, you could price more strategically and potentially improve your bottom line. Payment processing is similar—but the fees are often hidden in complexity. There can be hundreds of different...
There are 3 general classifications of fees charged to businesses when the accept credit and debit cards "Interchange Fees" which are the fees paid to the card issuing banks and are the largest of the fees "Network Assessment Fees" paid to the networks, Visa, MasterCard,...