More and more merchants are being charged Payment Card Industry (PCI) Data Security Standard (DSS) fees. These fees range from $99 to $249 per year. What do these fees get you the merchant? Absolutely nothing! 877.577.3779.
Interchange is the lubricant to the gears in the transaction process. Interchange rates are based on risk. Debit cards have lower risk, corporate cards have higher risk. Understanding interchange makes you a more savvy merchant. It helps you understand when you are negotiating your merchant account what fees can be adjusted and which cannot.
For the first time in Visa’s history debit card use surpassed Credit Cards in the fourth quarter 2008. U.S. debit card volume was $206 billion, versus a credit card volume of . . .
Merchant Services, Inc. prides itself on providing a comprehensive range of services including . . .
PIN debit makes cost-effective sense for the merchant, as well as safety, speed and security for the consumer. Why do banks want you to swipe?