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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...
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...
Big Changes Coming to VISA Interchange Fees

Big Changes Coming to VISA Interchange Fees

by allan | Feb 10, 2020 | Fee Based Models, Interchange Fees, Surcharge

The most significant changes in a decade are coming to VISA’s interchange fee structure according to numerous reports.  Higher fees are coming for Card Not Present e-commerce and over the phone transactions, while lower fees are looming for real estate and education....

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