MERCHANT ACCOUNT ANALYSIS

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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 b...

As you know Merchant Statement Analysis is always eager to expand our merchant credit card processing statement services. We are excited to inform our readers that we were mentioned today in the publication entitled Payments Source. You can read all about it here: http://www.paymentssource.com/news/Merchants-Get-Help-Deciphering-Statements-3011908-1.html?CMP=OTC-RSS

It can be a daunting task to read and understand a merchant statement. Both Visa and MasterCard are coming out with some pretty significant changes this year – no doubt in response to the Durban Amendment’s impact on the industry. This will cause even more frustration on providing a merchant statement quote to your merchant customers. I like this quote from www.paymentssource.com , “ISOs also have to perform complex analysis and decide quickly whether to mark up the fee to cover the costs it will bring, teach employees the fine points of the new approach, and possibly hire additional help-desk workers to prepare for an expected avalanche of phone calls from merchants questioning or complaining about the fee, he contends.” Are you ready? First let’s talk about VISA’s changes: 1. The Network Acquirer Processing Fee (APF), although still $0.0195 per authorization on credit transactions, will be reduced to $0.0155 per authorization on VISA branded debit cards. 2. VISA deb...

How is your business doing?  That is a relevant question these days.  Many business owners are in a deep freeze when it comes to switching payment processors.  Business is just too uncertain and it seems better to stay put where it seems safe.  No doubt you wish you could find the ultimate merchant account provider, lower your rates and fees, and feel confident that you will be taken care of.  Everything would be just perfect.  The merchant statement would be clear and accurate, the customer service department helpful and friendly, and all questions and concerns would be answered promptly.  Many people have yet to see that. What can you do in the meantime?  Study up to make the best decision for the future. I now have an ebook that will take the edge off and help you to find what you are looking for. Simply visit the link and send us an email to get your free copy today.     GET EBOOK: Merchant Account Secrets Revealed

This question has puzzled many for a long time.  In view of the last few years and the struggling economy, I believe this question is more relevant than ever. This year has had record bank failures!  And this news is not good for our industry. There is increased pressure on merchant service organizations and their agents to perform well and take care of their merchant's like never before.  So when selecting a merchant account provider, what should you look for? You will likely agree that honesty and forthrightness is at the top.  Is the company you are considering willing to disclose all fees including PCI compliance fees, cancellation fees, downgrade fees, and the more recent NABU and APF fees and so forth?  Does the company you choose keep informed as well as keep merchants well informed of rate increases or entirely new fee structures?  This is important since most businesses owners only think of their discount rate.  With each passing year, I hav...

Amazing Upfront Bonuses! Awesome Residuals for Life! Free Leads! No doubt you have seen these ads all over! Just look at The Green Sheet forum and you will see these ads for sure. Yes we've heard it all before. So what is the best agent ISO program these days? Well as far as bonuses and residuals are concerned, it really is about the money. You don't want to work for free do you? And the feeling of making a sale and knowing you will get paid the next day, week, or two weeks makes you feel good. When your residuals climb higher and higher, you feel great! Now let me ask you this: "How do you feel when you talk to the ISO or processor you work with?' Do you feel that you are getting the support you need? Do you get help with pricing quotes, equipment, your merchant's risk issues, continued training. Does your merchant account provider honor the rates and service fees you write on the application; or do they eventually try to bleed your merchant little by li...