Ben Dwyer's Profile
Ben Dwyer's articles
This article covers 5 quick and easy things that you can do to save money on your merchant account and credit card processing fees.
Posted: 2009-11-05
Category: Small Business
There's a pretty steep learning curve when it comes to credit card processing. Much of the confusion comes from elaborate merchant account pricing models built to maximize profits and increase merchant retention through fees that are more expensive than they seem. All of these pricing models are based on interchange - understand interchange, and you're well on your way to saving a lot on credit card processing fees.
Posted: 2009-10-26
Category: Business
There's plenty of information available regarding the "hows" of merchant accounts and credit card processing, but hardly anything covers the "why." Why is the industry so competitive? Why is it so hard to tell exactly what you're paying for? Why are pricing models for credit card processing so confusing? These are all important questions that can help shed light on why things are as they are in the payment industry.
Posted: 2009-10-19
Category: Merchant Accounts
If you're looking to obtain a new merchant account, you might begin your research by reading merchant account reviews. In general, these aren't as helpful as we'd probably like them to be - they're not always easy to find, and most of the reviews you do find are not worth your time.
Posted: 2009-10-19
Category: Merchant Accounts
Business owners and managers have more choices than ever before when it comes to merchant accounts and credit card processing. In response to industry competition, providers have begun to offer different pricing structures in an attempt to carve out their own niche. Going even further, some providers aren't actually merchant service providers at all. Instead, they work with your existing processor to lower rates and fees.
Posted: 2009-09-30
Category: Entrepreneurs
Many of the negative feelings toward the merchant account industry are born out of stories about lengthy contract terms that carry steep cancellation fees. The negative stereotypes that these stories create aren't totally undeserved but their origins are quickly becoming a thing of the past.
Posted: 2009-09-22
Category: Business
A flat rate merchant account would make the lives of business owners and accountants much easier, but they eventually come to realize that there's nothing flat about merchant account fees. Fortunately, there is something close. While it still won't boil processing charges down to a single rate, interchange plus pricing does apply a flat mark-up to all discount fees.
Posted: 2009-06-30
Category: Small Business
This article will outline the four major features to look for in a great credit card processing account. There's a lot to consider before committing to a merchant account and this article will outline the broader points. I still recommend that you do a little more digging to get to the finer details that can also affect which account and provider is your ideal fit.
Posted: 2009-06-25
Category: Merchant Accounts
A friend of mine recently submitted paperwork to create a LLC for a new business. Before the ink was even dry on the State's stamp of approval for his new company, his phone began ringing off the hook with calls from merchant account salespeople. He joked with me that he may have to change his phone number or his customers may not be able to get through all of the sales calls.
Posted: 2009-06-19
Category: Merchant Accounts
Interchange is a complex topic, but simply understanding the basics of how it affects the credit card processing fees that merchants pay is vital knowledge for any business owner or manager.
Posted: 2009-06-03
Category: Small Business
There are experts in every field willing to sell their skills to anyone who could benefit from them, and the payments industry is no exception. As public exposure surrounding the bankcard industry expands, merchant account consultants are popping up online and perhaps even at your local networking events. The question is whether this new flood of payment consultants are simply salespeople giving themselves a new title, or if they're legitimate professionals.
Posted: 2009-05-28
Category: Small Business
[ 1 ]
[ 2 ]
