7 Best POS Systems For Restaurants In 2024
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Feb 13, 2019
Filed under: Point of Sale, Restaurant POS
Food and Beverage Guides & Resources
10 Best Restaurant Ordering System Software Features
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Sep 13, 2019
Filed under: Point of Sale, Restaurant POS
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QuickBooks Online Pricing & Costs Explained
Read on for a breakdown of the four different QuickBooks Online (QBO) plans. We’ll discuss how to know which plan is right for you and what additional costs to expect, so you can know precisely what you’re getting into before deciding to purchase QuickBooks Online.
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QuickBooks Online VS QuickBooks Desktop: 2024 Comparison
We compare two of the top accounting programs, QuickBooks Online vs. QuickBooks Desktop, so you can know which is right for your business. Learn the key differences between features, pricing, and more.
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7 Best CBD Merchant Accounts In 2024
Looking for a merchant account for your CBD oil business? Check out our comparison of the best credit card processors for this niche.
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How To Calculate Your Effective Rate For Credit Card Processing
Knowing your effective rate helps you understand what you actually pay for credit card processing. Here’s how to calculate it, and use that information to find the best rates on merchant services.
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What Is An Early Termination Fee & Does Your Merchant Account Have One?
The business of credit card processing is changing quickly. These days, only the old-line established processors have long contracts with ETFs that penalize you for ending a contract early. Newer processors with different business models can offer you better deals, and you can easily shop around and avoid contracts with ETFs.
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Merchant Account Fees Explained: Everything You Need To Know About Credit Card Merchant Fees
While merchant account fees are definitely irritating (and expensive!), they’re often an inevitable cost of doing business. Even if you sign up with a payment service provider like Square that doesn’t charge monthly fees, you’ll still be paying the costs associated with maintaining your account in the form of higher transaction processing rates.
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What Is A Cross Border Fee For Credit Card Processing?
A cross border fee is a credit card processing fee charged whenever a merchant in one country (e.g., the US) accepts payment from a customer whose card originates from another country (e.g., Mexico). Cross-border fees are fixed, non-negotiable fees set by card networks.
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Liquidated Damages: The Most Expensive Early Termination Fee, Ever!
If you are getting ready to choose a new credit card processor and even suspect that the company you are choosing is sneaking in these types of bogus charges, run away fast and find a reputable company that won’t take advantage of you. Better yet, carry yourself to your attorney’s office for a professional legal review of any contract before you sign it. You could save yourself and your business thousands of dollars and years of frustration in the long run.
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What Is A Convenience Fee?
A convenience fee is an amount you add to the purchase price; the customer pays this fee in return for being able to use a more convenient payment method. The important thing to remember is that the customer must always have the choice to use another standard method of payment that does not require the added convenience fee. The fee isn’t technically related to taking credit cards. It is meant to help the merchant recoup the added cost for setting up a new payment channel.
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