For U.S. payments businesses, it is very crucial to have a good rapport with banks. However, some merchants are tagged as high-risk due to factors such as rule non-compliance, financial instability, or fraudulent activities. The Terminated Merchant File (TMF) and MATCH (Member Alert to Control High-Risk Merchants) List serve here....
FANF Fee – Visa Fixed Acquirer Network Fee
The Visa Fixed Acquirer Network Fee (FANF) is a mandatory charge for businesses accepting Visa cards. Introduced in April 2012, FANF helps fund Visa’s network maintenance. The fee varies based on business type, transaction method (card-present vs. card-not-present), number of locations, and monthly Visa sales volume. While small businesses with...
Key Factors in Choosing a Merchant Services Provider
Choosing the right merchant services provider is a critical decision for any business that processes credit card payments, online transactions, or any other type of electronic payment. Merchant services providers (MSPs) offer the technology and infrastructure businesses need to accept these payments efficiently and securely. A well-chosen provider can help...
Merchant Services for High-Risk Businesses: What to Consider
Running a high-risk business often presents unique challenges, especially when it comes to payment processing. Unlike traditional businesses, high-risk businesses face increased scrutiny from banks and payment processors due to the nature of their operations, financial instability, or industry-specific regulations. Merchant services tailored for high-risk businesses are essential for processing...
How Merchant Services Impact Small Businesses
In today’s fast-paced and increasingly digital economy, small businesses face both opportunities and challenges when it comes to accepting payments from their customers. One of the most significant aspects of running a modern business is how payments are processed. Merchant services are essential for facilitating credit card transactions, handling online...
Merchant Services for Credit Repair Companies
Credit repair companies play a crucial role in helping individuals improve their credit scores and financial well-being. As these companies grow and expand their services, it becomes essential for them to have efficient and reliable merchant services in place. In this comprehensive guide, we will explore the importance of merchant...