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Merchant Accunt Rates
Posted under business by admin Found some great info on merchant account rates and how to save money on credit card processing costs. Seems that different card types can effect your Merchant Account Rates The best practice would be to
swipe each credit card transaction, if possible. If you are “Keying-In” the credit card number, you must enter AVS Data when processing the sale. Lastly, seems that batches should be closed out daily, as any batches closed after 24 hours are charged a higher rate.
According to the Merchant Account Blog, high volume merchant account can apply for special pricing with Interchange Plus. Recent 3 statements are required with an average monthly volume over $37,000. This could be a significant savings for high volume accounts.
Also seems that Supermarkets can apply for a special saving from both Visa and MasterCard. The programs boost lower rates for qualified sales of groceries from a multi-lane store.
Must read for any business looking to save money !!!!!!
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