Stripe Closed My Account!

I got invited to the Quora Partner Program!  I was so excited, I clicked the link that took me to the partner portal. Is there anywhere Stripe doesn’t integrate? Looks like they got Quora, too.  So I signed up for a stripe account and received the following E-mail.  I was appalled. How dare they? Do they not know who I …

Who Has the Lowest Processing Fees

This is a tricky question to answer because I know some of you reading this have been offered the “lowest possible friends and family rate.” And you’re not going to believe me when I tell you that every processor has the same processing fees. So here’s the proof. Here’s a link to download Visa’s Fees: https://usa.visa.com/dam/VCOM/global/support-legal/documents/visa-usa-interchange-reimbursement-fees-april-2018.pdf And here’s a link to …

Who Needs A Merchant Account

Do you want to accept credit cards in your business?  If the answer is yes, then you need a merchant account. The next question is: do you have a hobby, or a business? If the answer is a hobby, then you may want to look at a service like paypal, square, stripe, or sumUP. These services can create a submerchant …

What is a merchant account?

Want to accept credit and debit cards in your business? You’ll need a hardware such as a credit card terminal or software such as a payment gateway to accept credit cards. You can obtain these products from a merchant service provider.  A merchant service provider can offer products to accept credit cards along with a merchant bank account. A merchant …

Is Square the Best Payment Processor

Is square the cheapest payment processor?  Bet you didn’t expect to see this here. But Square does win in one specific scenario. If your average sale is $7 or below, square’s flat 2.75% often will lose $ on the transaction, and a negative processing fee will always be lower than any payment processor will offer. The following processing fees were …

Chargebacks Are Now Called Disputes

Chargebacks are now called disputes. Who wins? 

Why Aggregators do things backwards

  Payment Facilitators on board in reverse   When you walk into a business, you expect them to accept credit cards. This should be a simple process. You walk in, pay for your goods, and walk out. And the business gets paid by their payment processor in 1-2 days.   Except sometimes they don’t get paid. It’s not uncommon for …