Why Credit Card Rewards Might Not Be Worth It
When merchants accept payment via credit card, they are required to pay a percentage of the transaction amount as a fee to the credit card company. If the cardholder has a participating cash back rewards program, the credit card issuer simply shares some of those merchant fees with the consumer. The goal is to incentivize […]
Cash Discount & Surcharging: Is There Any Difference?
Does Your Business Need A Change? As a business owner today, it’s important to accept debit card and credit card transactions to increase sales. Mobile transactions (such as Apple Pay) increase in use every year, especially with new initiatives to touch as little as possible when out and about. Credit cards are extremely convenient for […]
What Is Interchange?
Interchange is a collection of fees that a merchant is required to pay with every credit card and debit card transaction. Interchange, sometimes referred to as “swipe fees,” are what financial companies charge for accepting the credit risk and handling charges in credit card transactions. Many things can affect the fee amount, and it can […]
A Guide To Credit Processing Terms
There are a lot of moving parts in the credit processing industry and it can be confusing. Many people don’t know all the different functions that take place just to swipe one credit card. It’s important to distinguish between the different types of businesses involved in the process. A credit card processor is any person […]
New Year, New Us In 2022
Turnkey Processing is always looking to improve. We constantly look to our customers for feedback on what works and what doesn’t, because honestly, the only people who have to like the product are the clients. We often hear that our customers appreciate our 24/7 customer service, and how openly we speak with them. Turnkey doesn’t […]
