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square changes credit card rates

Square Processing: What Happens When Increased Fees Meet Small Merchants

The long-time credit card processing company go-to, Square, has recently gone through a rate change. Their cost on card transactions was an attractive flat rate of 2.75%, with no additional fee. Square’s new fees of 2.6% per transaction + $0.10 is going to change how you read a payment processing statement quite a bit. The …

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PCI DSS study

How Do I Follow the 12 Data Security Standards (PCI DSS)?

The first step to following the 12 Payment Card Industry Data Security Standards (PCI DSS) is knowing them. They are categorized into 6 general requirements, with multiple sub-requirements. Build and Maintain a Secure Network and Systems 1. Install and maintain a firewall configuration to protect cardholder data 2. Do not use vendor-supplied defaults for system …

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high risk travel agency vacation

How to Lower Your Risk as a High-Risk Travel Agency Merchant

There’s few things more frustrating for merchants than being told you run a “risky business”. Especially when your business practices are safe, it’s just your business type that invites suspicion. Merchants in the travel industry fall under the category of high risk most often because of their tendency to have more than average chargebacks. A …

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high risk travel agency

New Owner? New Merchant Account: How Your Old Merchant Account is Hurting Business

Some business owners would rather have a root canal than go through the process of opening a merchant account twice. Initially, it seems like an unnecessary step to take when the ownership changes hands. Although it may not be first on your list of things to do, applying for a new merchant account is necessary …

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money changing new merchant account

Colorado Gift Card Laws on Fees and Expirations

Both merchants and card holders should know state laws when it comes to how they can use cards. Gift cards, in particular, hold a unique place in Colorado law.  Since 2010 there have been several restrictions specific to Colorado about how merchants can handle long-since issued gift cards. Our Colorado State statute 6-1-722 states that; …

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