How to read my merchant services statement

If you already have a Merchant Services account or are managing a business or non-profit organization, chances are you have taken a look at a credit card statement and realized you have no idea what is what.  This is because bank statements are typically filled with banking acronyms, banking terminology and hard to identify charges.  Often [...]

By | 2017-08-11T22:07:14+00:00 June 20th, 2017|Billing|1 Comment

What is an Interchange rate?

On a Credit and Debit card merchant account interchange rates are generally the highest fees charged to a merchant. They are the amount that is charged to the merchant and passed through to the bank that issued the card. The interchange rates will vary depending on the type of card. A bank debit card will [...]

By | 2017-08-11T22:07:15+00:00 June 1st, 2017|Billing|1 Comment