A surcharge is an additional fee that merchants impose when customers choose to pay with a credit card. It's essential to understand that surcharge fees apply exclusively to credit card payments and are not permitted for debit and prepaid card transactions.
Form 1099-K is used to report income generated from Payment Card and Third Party Network Transactions. This was created under the 2008 Housing Assistance Tax Act to help ensure that businesses, particularly online retailers, are accurately reporting their income for tax purposes.
PCI-compliance is a vital step towards your business success, and that is why you should complete the SAQs and AOCs before the year ends. You do not only hold proof that you are PCI-compliant but you also avoid paying non-compliance fees from merchant account providers by being non-compliant. You can be charged up to $40 per month if you are non-compliant.
Any business owner or merchant would always look at their return on investment or ROI as their main measure of success, and one of the fool-proof ways to secure their ROIs is to make sure that money keeps pouring into the business from all directions. This is exactly the reason payment processors are very […]
Since late September, the financial services world was a bit shaken up when popular mobile payment company, Square Up (or simply known as Square), just hit its small business owner clients with an enormous price increase. Merchants, most of which with low volume transactions, have chosen this famous payment processing services company because of its […]
