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Are Payment Processing Fees Eating Into Your Bottom Line?

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...
How Do ACH Payments Benefit Your Business?

How Do ACH Payments Benefit Your Business?

by Dale Erling | Jan 4, 2023 | Cashless, IntelliPay eCash pay with cash online, Interchange Fees

How Do ACH Payments Benefit Your Business? Before we delve deeper, let’s start with the basics. What Does ACH Stand For? ACH stands for Automated Clearing House, and payments made over the ACH network are known as ACH payments. ACH Payments are the transfer of...
Why your government agency should NEVER worry about interchange rate increases

Why your government agency should NEVER worry about interchange rate increases

by Dale Erling | Mar 31, 2022 | Convenience Fee, Debit Cards, EMV, Government Payment Processing, Interchange Fees, Service Fee Government

If you missed the announcement – Visa and Mastercard will increase most of their credit card fees in April 2022. For years, Visa, Mastercard, Discover, and American Express (card brands) have reserved the right to review their Interchange fees every April and...
Credit Card Processing Fees and Merchant Margins

Credit Card Processing Fees and Merchant Margins

by Dale Erling | Mar 16, 2022 | Interchange Fees, Merchant Services, Merchant Services Provider, Payment Processing, Uncategorized

Credit Card Processing Fees and Merchant Margins In this two part series, we dive into credit card processing fees.  In part one, we dive into what goes into the credit card processing fees you pay, and how to calculate your total processing cost.  In part two, we...
VISA Interchange Rate Change Update

VISA Interchange Rate Change Update

by Dale Erling | Dec 9, 2020 | EMV, Interchange Fees, Merchant Services

Visa is postponing the previously announced interchange rate and structure changes until April 2021.   Here is a snippet from the Visa news release announcing the postponement: Given the unprecedented impact of the COVID-19 pandemic on the U.S. economy, Visa...
Upcoming Changes From VISA

Upcoming Changes From VISA

by Dale Erling | Aug 21, 2020 | Government Payment Processing, Interchange Fees, Online Payment processing, Payment Processing

Upcoming Changes From VISA Earlier this year Visa postponed the largest overhaul of its interchange structure in a decade. Most of the changes we expected in April will take effect CPD October 17, 2020. Here is a quick summary of the October changes: Authorization...
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