Visa, Mastercard Announce Changes to Chargeback Monitoring Programs
Visa and Mastercard recently outlined new changes to their chargeback monitoring programs. A chargeback monitoring program is a specialized program for merchants who experience a high number of chargebacks, with the purpose being to help these merchants reduce the number of chargebacks filed against them. It’s critical you choose a payment processor that will monitor […]
Square Just Changed Their Processing Rates. What Does That Mean for Your Business?
Heard the news yet? Square, one of the most recognizable processors in the payments space, announced that they’ll be making changes to their processing rates. Rather than charge their signature 2.75% flat rate, they’ll now charge merchants a 2.6% flat rate and an extra $0.10 per transaction. That math sounds confusing, and it is. If […]
ISO Agents! Come Find Us at WSAA 2019!
They told you that agents never have job security. They underpaid you for hustling in the field. Your residuals never reflected the work you put in to close deals, nor could those residuals fund the lifestyle that deep down you felt like you deserved. It’s about time that changed, don’t you think? At Quantum Electronic […]
Qtips: The Truth About Credit Card Minimums
Today, we’re trying something a little different. We’re introducing our “Qtips” series – merchant insights packaged into short, easy-to-read summaries! Think of these as mini blogs that you can read on your lunch break, before bed, or even while you’re waiting in line at the grocery store. Our first topic? Credit card minimums. You see […]
The Top 3 Lies That Payment Processors Love to Tell
How does a foot injury relate to the payment processing industry? Let’s say Sam’s got a broken foot and needs to wear a special pair of shoes until he heals. Naturally, he checks out his local shoe store to find a pair, where one of the employees meets him to show him around. They get […]
What Should You Look for in a Payment Gateway?
There’s one section of your business’s website that you can’t afford to mess up. You guessed it…the checkout page. It doesn’t matter if a customer wants to buy every single item available on your online shop; if their payment gateway doesn’t read their credit card or works too slow, the customer will take their business […]
5 Cash Discount Benefits Visa and Mastercard Are Hoping You Don’t Hear About
“Cash discounts are illegal. They don’t work. They only hurt business owners.” That’s what the big credit card companies want you to believe, and you know what, they almost got away with it. Almost. What they don’t want you to know is that it is 100% legal to run a cash discount program. They don’t […]
How to Offset Inflation Without Raising Your Prices
If you could time travel back 100 years, you’d be rich. That $20 bill in your wallet would be enough to send you on a nice shopping spree through town – just imagine how much damage you could do with the rest of your savings! Unfortunately prices don’t stay still; they’re constantly soaring or falling. […]
Cash Discount vs Trade Discount: Which Is Better for Your Business?
Cash discount … trade discount … what’s the big difference? And how is that even relevant to your business? A cash discount is when your posted prices are the prices your customers pay when they pay in cash, while card-paying customers pay those prices plus an extra service charge. On the other hand, a trade […]
A Letter from CEO Jerry Lai – Taking Over the Payment Processor World
Dear Business Owner/ Entrepreneur / Go-Getter, Don’t you want to take your money back from the banks? The credit card payment industry is a daunting and confusing world to navigate. You’ve got the banks, your customers, payment processors, and credit card companies all looking out for themselves – and it’s often the hard-working merchant that […]