Twelve Hidden Fees to Avoid

No two service providers are alike.  Before you sign a contract, always ask for full fee disclosure and a full explanation of all their fees. They can’t do much with card fees, but every provider has their own fee structure and should be able to give you a simple explanation of their fees on top of card, and processor fees. The list below are fees to avoid, and Veritrans can show you on your monthly statement if you’re paying them. The cancellation fee will be in your contract or free terminal agreement.

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Telling a Customer Their Credit Card is Declined

As a merchant, it’s inevitable that at some point you’ll have a customer whose card is declined. While it’s not your fault that their card gets denied, it’s important that you and your cashiers handle the delicate task of telling the customer their card is declined properly.

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Is Your Business PCI Compliant?

If your business or organization accepts credit cards as payment, the following information is essential to a legal and efficient operation within the United States. PCI compliance is mandatory and if you aren’t yet compliant, you must do so now. If you choose to ignore PCI compliance, it could not only cost you thousands of dollars in fines, but your entire business itself. Is your business PCI compliant?

What is PCI?

PCI Security Standards Council®On September 7, 2006, the Payment Card Industry Security Standards Council (PCI SSC) was launched in order to manage the constantly evolving needs of Payment Card Industry (PCI) security standards, Continue reading “PCI Compliance”

 

Your Guide to Researching Credit Card Processing  Providers

Choosing a credit card processing company to accept card payments is an important decision. While the right company can help your business grow, the wrong one can create one headache after another. Since you don’t want to base this decision solely on what a company has on their own site, we have some great tips about how to do your research:

A Few Minutes Can Mean Big Savings and a Better Experience

 

Although it may seem too simple to be effective. Using a search engine such as Google, Bing, Yahoo, while researching credit card processing providers with the name of the processing company you’re considering is actually a very useful tactic. Continue reading “Researching Credit Card Processing Providers”

 

Choosing the Right Point of Sale

Running a restaurant requires dedication, discipline and great financial commitment. You have to deal with customers, staff, and health officials, among others.  With so much going on, you require tools that can make you work more efficiently.  One such tool is a Point-of-Sale (POS) system which will help you handle multiple functionalities at once.

You’ll be able to offer first-rate services with the best POS system. Stick with us as we review the most important things to consider when choosing your system.

What Is a Point-Of-Sale (POS) System

A Point-of-Sale (POS) system allows you to accept payment from customers.  It will also help you manage other aspects of your business, including inventory, data analysis, and employee management, among others. Any time a customer walks into your business, they should be able to make payments without any problems.

What to Look For When Purchasing a  POS System

The best POS systems should help you increase efficiency by allowing for multiple functionalities. You should consider the following.

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