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Business Cash Advance

By Santa Barbara Merchant Services on Jan 02, 2014 at 02:01 PM in Credit Card Payment Processing

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Target allows a massive credit card data breach

By Santa Barbara Merchant Services on Dec 19, 2013 at 10:55 AM in Credit Card Payment Processing

It doesn’t make sense that if there was a data breach involving U.S. stores why the security code would be compromised.

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What are interchange fees?

What are interchange fees?
By Santa Barbara Merchant Services on Dec 08, 2013 at 04:54 PM in Credit Card Payment Processing

There are two sets of fees paid by retailers... and therefore two sets of fees ultimately paid by their customers each time a card is used for a payment: the merchant service charge (MSC) and the multilateral interchange fee (MIF).

Have a look at the diagram

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Payment Processing in Santa Barbara

Payment Processing in Santa Barbara
By Santa Barbara Merchant Services on Dec 01, 2013 at 07:21 PM in Credit Card Payment Processing

Navigating a new roundabout in Santa Barbara is certainly easier than learning all there is to know about Payment Processing, Interchange Rates, & Fees. These 87 credit card processing tips may seem like a lot, but the more you know the better equipped you will be to avoid pitfalls.

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Benefits of New Credit Card Terminal Technology to Your Advantage

Benefits of New Credit Card Terminal Technology to Your Advantage
By Santa Barbara Merchant Services on Nov 26, 2013 at 03:58 PM in Credit Card Payment Processing

New technologies have turned credit card terminals into smaller, more feature-packed devices. Some of the capabilities of newer machines make it possible to cut costs in your organization while you improve your cash flow at the same time. Here are some examples of how they do that.

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Credit Card Surcharges. We see them, are they legal?

By Santa Barbara Merchant Services on Nov 19, 2013 at 11:51 PM in Credit Card Payment Processing

California has a law, that is contrary to some other States. California Civil Code section 1748.1, that prohibits “retailers” from adding a surcharge when a consumer chooses to use a credit card instead of paying by cash.

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AnywhereCommerce Upgrades Mobile Card Reader

By Santa Barbara Merchant Services on Nov 19, 2013 at 08:12 PM in Credit Card Payment Processing

Nomad 2.0, a second-generation mobile EMV chip-and-PIN card reader from AnywhereCommerce, is reportedly smaller, lighter, less expensive and more useful than its 18-month-old predecessor.

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Interchange Plus VS. Tiered Pricing

By Santa Barbara Merchant Services on Nov 18, 2013 at 09:08 PM in Credit Card Payment Processing

Understanding how credit card processing fees are determined and how different merchant account pricing models work can save your business hundreds of dollars a month in transaction costs.

Understanding what goes into determining fees:

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Qualified, Mid-Qualified & Non-Qualified Credit Card Processing Rates

By Santa Barbara Merchant Services on Nov 18, 2013 at 09:05 PM in Credit Card Payment Processing

If your business is paying qualified, mid-qualified and non-qualified charges to process credit cards, it's paying too much. In fact, businesses that choose Santa Barbara Merchant Services typically lower fees by as much as 40% by eliminating non-qualified rates.

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Free Credit Card Machine An Expensive Proposition

By Santa Barbara Merchant Services on Nov 18, 2013 at 09:02 PM in Credit Card Payment Processing

Like the saying goes, "there's no such thing as a free lunch." Credit card processors recoup the cost of a free credit card machine through expensive tiered pricing and various other fees. You are virtually guaranteeing that you will overpay for credit card processing if you're comparing processors based on which ones are willing to provide a free terminal.

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