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Showing posts from January, 2013

Get Merchant Account Fee and Pricing Secrets Revealed

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Reduce Your Transaction Integrity Fees

As I am working through statements from day to day, I started to notice that some restaurant locations were paying very steep discount charges. What I discovered was those same businesses were also being assessed a high number of TIFs (Transaction Integrity Fees).

Just what does this fee mean and how does can it impact your business? Starting in April 2012, Visa introduced this new $.10 for each debit card that does not qualify for the CPS (Custom Payment Service) interchange rate. 

You might be wondering how a debit transaction does not qualify? After all, you are simply swiping the customers credit card, right? Well there are several possibilities. 
Transactions are not settled (batched) within 2 days AVS (Address Verification) is not requested for key-entered sales Internet sales do not include order number of customer service number Hotels are not providing all the requested data Therefore, depending on your business practice, you could be assessed a TIF fee…