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5 Ways to Lower Your Interchange Rates
When something is purchased using a credit card, there are some fees that are associated with using a credit card and accepting it as a form of payment. The fee that goes to the card issuer is known as interchange. This fee amount can range from 1% to 3% of the...
The Top 5 Payment Trends for 2024
The payments industry is a delicate balancing act between businesses and consumers, and navigating how the payments experience evolves. Consumers' preferences and demands can shift quickly. While some big box merchants can evolve quickly to meet the changing needs of...
Should You Accept Gift Cards? Pros and Cons
Gift cards have been the go-to present for just about every holiday for the last two decades. Prior to the early 1990’s, gift “certificates” were given that were essentially an IOU for the restaurant or store that it was...
How Does a “Recession” Affect Your Merchant Account?
Recession is a buzz word right now, but is it really something your business should worry about? The word recession sparks fear instantly for both consumers and merchants alike. When people change their spending habits, it’s a balancing act for business owners to not...
The Cashless Payment Trend: Real or Hype?
Imagine heading into your hometown sports stadium with family and friends, ready to cheer on your favorite team. You line up to buy snacks before sitting down, and you pull out a $50 bill to pay for the transaction when the cashier informs you that they’ve gone...
A Step-By-Step Look at How Credit Card Processing Works
Card Network prides itself on educating our merchants and partners about the ins and outs of credit card processing. From swiping a card to reading your merchant statement, there are intricacies that we want to shed light on. As we have said before, a well-educated...
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