Category: Credit Cards

Debit Still Most Commonly Used Form of Payment

by Dale Erling | Aug 31, 2023 | Credit Cards, Debit Cards, Debit Definition, Digital Transactions, Trends

According to a recent J.D. Power study, debit cards are the most commonly used form of payment, with credit cards a distant third. The survey found that 78% of consumers utilize debit cards for point-of-sale transactions, followed by cash at 74% and credit cards at...

Are Payment Processing Fees Eating Into Your Bottom Line?

by Dale Erling | May 1, 2023 | Convenience Fee, Credit Cards, Debit Cards, Interchange Fees, Payment Processing, Surcharge

If you currently accept credit cards for payment, and who isn’t, payment processing fees are eating into your bottom line! How big of a bite? For many businesses, payment processing is typically one of the five largest expense items on a P&L. And costs keep...

Why Your Books Need Some TLC

by Dale Erling | Feb 17, 2023 | Credit Cards, Merchant Account, Payment Processing, Uncategorized

As a business owner in this currently unstable economy, you are tracking every cost and monitoring every revenue stream. One area that can be easily overlooked is attempted payments. To understand attempted payments, we first need to know how payment processing...

Eighty-five Percent of Consumers Pay Credit Card Surcharges

by Dale Erling | May 19, 2022 | Credit Cards, Surcharge, Surcharging, Trends

A recent survey of 2,507 United States credit card users from Dec. 8 to Dec. 22, 2021by PYMNTS, an online news source for the payments industry found that despite expressed cardholder opposition, eighty-five (85%) of card holders paid the credit card surcharge when...

No-Cost Solutions That Are Perfect for Your Business

by Dale Erling | May 19, 2022 | Card Payments, Debit Cards, Digital Transactions, Payment Processing, Uncategorized

Having a business of your own can be stressful as you’re managing a variety of tasks day to day. The last thing you need to worry about is limited and costly payment options that inhibit your business’s growth. At IntelliPay, we provide you with no-cost...

Credit Card Fees and Merchant Margins Part 2

by Dale Erling | May 13, 2022 | Card Payments, Convenience Fee, Credit Cards, Fee Based Models, Payment Processing

Card Payments In part one, you learned a lot about payment processing costs and how to calculate a net effective rate. In part 2 of this two part series, we look at credit card fees and merchant margins. Part 2 Check to See if You Are Getting A Good Deal Now, you can...

« Older Entries