Is Ethoca Pricing Worth It?
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Is Ethoca Pricing Worth It?

Ethoca pricing starts with a low monthly fee and also has a low alert fee for successfully preventing a chargeback. There is no contract for the month to month plan so you can discontinue at any time. Before we get into the details of Ethoca pricing, let’s talk about what Ethoca is. Ethoca is a communication...

Posted by February 27, 2019February 27, 2019
SAFE Banking Act Provides Safe Harbor To Financial Institutions
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SAFE Banking Act Provides Safe Harbor To Financial Institutions

The SAFE Banking Act or the Secure and Fair Enforcement of Banking Act of 2019 was put in place to create protections for depository institutions that provide financial services to cannabis-related legitimate businesses. Regardless of where one stands on the issue of marijuana legalization, it’s clear that nobody benefits when much of our nation’s existing $10+ billion...

Posted by February 20, 2019March 1, 2019
Credit Card Surcharge OK’ed In New York
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Credit Card Surcharge OK’ed In New York

A credit card surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by a credit card which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company. Many people carry credit cards because it is more convenient then...

Posted by February 6, 2019February 13, 2019
Why The U.S. Leads The World In Credit Card Fraud
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Why The U.S. Leads The World In Credit Card Fraud

The United States leads the world in credit card fraud — by a huge margin. Fraud losses incurred by banks and merchants on all credit, debit, and pre-paid general purpose and private label payment cards issued globally hit $21.84 billion in 2015. The U.S. currently accounts for two-fifths (38.7%) of global debit and credit card fraud...

Posted by January 30, 2019January 31, 2019
New Mastercard Rules Applying to Negative Option Billing
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New Mastercard Rules Applying to Negative Option Billing

If you want the long and short of it: All the new Mastercard rules really do is ensure transparency in offerings like free trials. For merchants whose business practices are one hundred percent transparent and up-front, the changes probably aren’t going to affect your business at all. But there is a tendency for merchants to...

Posted by November 14, 2018November 30, 2018
Limited Acceptance Merchant
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Limited Acceptance Merchant

Limited Acceptance: managing debit-only card acceptance for businesses with specific compliance restrictions.  Certain industries, such as collection agencies, consumer lending, auto finance, and others, are subject to accept debit cards only. For debit-related payments, the card brands mandate the debt to be paid without accruing more debt, such as using a credit card. Limited Acceptance...

Posted by August 1, 2018August 25, 2018
Visa Debt Repayment Program: What You Should Know
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Visa Debt Repayment Program: What You Should Know

  Visa’s Debt Repayment Program allows qualified lenders to benefit from lower interchange. We don’t really think of credit cards as a lending program, but that’s what a credit card is. You buy something by taking a little money from a third party, and then a month later, you pay it back with interest. That’s...

Posted by July 25, 2018August 25, 2018
Mastercard Consumer Loans Program
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Mastercard Consumer Loans Program

What is a credit card company but a lender? We don’t really think of them that way, we think of a credit card account as something like a debit account, just one that we pay later, after we’ve made our purchases. Or like delayed spending, we pay an extra little fee so that we don’t...

Posted by July 18, 2018August 25, 2018
Signature Requirement Changes
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Signature Requirement Changes

Signing for credit card purchase seems like something from an earlier time. Your transaction is all digital, but it’s not complete until they hand you a little scrap of paper for you to write your name on like a contract? It feels a bit odd that this is still how we’re doing things in the...

Posted by July 11, 2018July 30, 2018
Collection Agency Merchant Account
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Collection Agency Merchant Account

Collection agencies are one of those industries that, well, let’s just say people have a strong reaction when you tell them that that’s the line of work you’re in. Ironically, the regulations that collection agencies abide by mean that they actually make life a lot easier for people who owe money. Collection agencies have a...

Posted by May 9, 2018September 28, 2018