Confused by the various credit card processing terms used by your merchant? Chances are that you are not alone!
American Payments has a blog post which explains the top 40 credit card processing terms –and their meaning.
Some terms covered include:
- Interchange Fees – Interchange Plus
- Level 3 Processing
- Tiered Pricing
- Europay, MasterCard, and VISA – EMV
- Self-Assessment Questionnaire – SAQ
Sage 100 can integrate with various credit card processors and allow you to automatically charge a customers card upon shipment or as a deposit prior to beginning the process of shipment.
We recommend that you periodically review your credit card fees and compare them to a competitive quote to ensure you are receiving the best rate.
If you are swiping cards manually and entering them after-the-fact into Sage then it’s probably worthwhile for you to review an integrated credit card solution that saves you processing steps.