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Category Archives: Merchant Accounts
MasterCard Announces Increases for Spring 2011
MasterCard Worldwide has announced some changes to Interchange rates and assessments, scheduled to take effect later this spring. ANY_ITEM_HERE Included among them is an increase in the Interchange rate for World Merit III, a MasterCard branded Rewards card, from 1.73% … Continue reading
Harbortouch Free POS
The FREE Point of Sale System that will Revolutionize Your Business The perfect POS solution for Casual Dining Quick Serve Restaurants Cafes Bars Retail, Bookstores Clothing Stores Supermarkets, C-Stores Wine and Liquor Stores Hair & Nail Salons, Nightclubs, … Continue reading
IRS Changes Affect Merchants
The Federal Housing Assistance Act of 2008 included the enactment of Section 6050W of the Internal Revenue Code. Section 6050W made it a requirement for ALL processors to report merchants’ gross sales amount from settled transactions (Visa, MasterCard, Discover, PIN … Continue reading
iPhone Credit Card Processing Fees Slashed
ANY_ITEM_HERE This just in: The cost of PAYware mobile credit card processing for iPhones has been slashed. ANY_ITEM_HERE The encryption sleeve swiper device is now absolutely free–formerly $115 each. ANY_ITEM_HERE Additional per item fees have been eliminated entirely. ANY_ITEM_HERE The … Continue reading
Merchant Tax Reporting
The Housing and Recovery Act of 2008 included Amendment 6050W, Merchant Tax Reporting. The purpose of this Amendment is to encourage accurate tax reporting. The Amendment requires all payment processing organizations to report gross sales, collect and verify TIN numbers, … Continue reading
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