merchant account

To surcharge or not to surcharge. That is the question

Posted by on March 14, 2013 at 4:05 pm

In a proposed settlement between the Department of Justice, seventeen states and Visa and MasterCard, that was approved by a federal judge in July of 2011, regarding the interchange structure that Visa and MasterCard charge, the card associations are now removing the rule that prohibited merchants from charging a fee to accept a credit card [...]

Has your terminal reached its end of life status?

Posted by on February 20, 2013 at 12:00 pm

CRITICAL NOTICE: Please note that some credit card terminals are approaching “End of Life” status for the following reasons: Non-compliance of the mandates set forth by the Payment Brands and the PCI Data Security Standards Council Limited memory capability in first generation terminals that do not allow for new application development to meet those mandates [...]

Next Day Funding. Combined AmEx Settlement

Posted by on January 28, 2013 at 12:09 pm

All cards. One rate. Funds next day. Starting today, all new PhoneSwipe merchants will now be able to process ALL four major card types (Visa, MasterCard, Discover & American Express) and receive the same low rate of only 2.69% per swiped transaction and 3.49% + $0.19 per keyed transaction AND get next-day funding all with [...]

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