Determining the true costs of credit card processing can be difficult. Merchant statements can be confusing and there are so many technical and industry-laden terms thrown...
Understanding the Cost of Processing Card Payments
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There are many costs associated with accepting credit and debit cards as payment. The largest cost is interchange, and it can represent 70 to 95 percent of the total cost of processing credit and debit cards. Interchange cannot be negotiated but it can be managed. ...
Businesses have many different costs and while many of those costs are fixed and cannot be changed, payments processing is one of those costs that can be influenced and reduced. Most companies that process electronic payments from their customers don’t look into...