by Brian Manning | Sep 5, 2013 | Rates & Fees
Walmart’s purchasing department is well known for using forceful and stern price negotiation tactics. They often negotiate and “beat up” the vendors that they work with in search for higher profit margins for themselves. During the vendor buying and negotiation...
by Brian Manning | Aug 25, 2013 | Rates & Fees
If you have searched for a merchant account based on “low rates” or “discount rates” you’ve probably seen companies that offer a $500 rate guarantee. They tattoo the advertisement across the home page of their website like a proud mother posts pictures of her newborn...
by Brian Manning | Jul 23, 2013 | Rates & Fees
Receiving proper customer service from a merchant services provider is sometimes a difficult thing to accomplish. When shopping for merchant account providers you are faced with the sometimes difficult task of identifying that fine line between being overcharged for...
by Brian Manning | Jul 8, 2013 | Rates & Fees
Interchange plus pricing is a more advanced pricing structure than tier-based pricing. It is also known as “pass through pricing” or “cost plus pricing.” The reason is simple. The merchant account provider simply passes through their cost, i.e. interchange, and then...
by Brian Manning | Jul 4, 2013 | Rates & Fees
Tier-based merchant account pricing is a very common form of merchant account billing. Merchant account providers use this rate structure to assess interchange fees and other costs associated with having a merchant account. Tier-based pricing is also known as “bucket...
by Brian Manning | Jul 1, 2013 | Rates & Fees
If you’re familiar with merchant accounts you’ve probably heard the term interchange and interchange plus pricing. Interchange is at the core of every pricing model that exists in the merchant services industry, so it is vitally important. Here, I will discuss with...
by Brian Manning | Jun 25, 2013 | Rates & Fees
Monitoring your effective rate is important and knowing how to calculate effective rate is even more important. If I could advise you on just ONE thing regarding the maintenance and upkeep of your merchant account, it would be to spend 5 minutes each month to...
