Selecting a good credit card processing plan could make a huge difference when it comes to affecting how much a small business will pay each month. The flat-rate model and the interchange-plus model are two of the most popular plans, but these two are actually quite different from each other....
How Interchange Fees Actually Work: A Clear Guide for Small Businesses
Interchange fees are a substantial part of the expense involved in accepting credit payments, but many small businesses are not aware of how interchange fees are charged. With every credit/debit card transaction, a part of that amount is charged to the customer’s bank as an interchange fee. Though small, interchange...