iPhone Credit Card Processing Fees Slashed

Posted on March 18, 2011 by admin
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This just in:  The cost of PAYware mobile credit card processing for iPhones has been slashed.

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The encryption sleeve swiper device is now absolutely free–formerly $115 each.

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Additional per item fees have been eliminated entirely.

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The one-time PAYware gateway  setup fee is a low $49.95.  And that includes the merchant account.

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The application itself is free on the iTunes store.

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And it works on all iPhone models from all carriers.

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If you already have an iPhone (and we’re seeing them available for as low as $49 each)….what are you waiting for?

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If  you are a mobile merchant, now’s the time equip your iPhone for IMMEDIATE payment processing.  NEVER lose another sale again!

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Click here for more details about iPhone Credit Card Processing

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Go to PAYware for iPhone Home Page

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Posted in Credit Card Processing, Merchant Accounts, Processing Equipment | Leave a comment

Merchant Tax Reporting

Posted on March 16, 2011 by admin

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, and,  for those merchants who have not provided a valid TIN and name match, to perform backup withholding beginning January 2012.    This regulation reporting is in effect for the 2011 tax reporting year.

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Posted in Credit Card Processing, Debit Card Processing, eCommerce, Merchant Accounts, Tips & Advise, Useful Business Services | 1 Comment

Mobile Payment Wars–Verifone vs Square

Posted on March 9, 2011 by admin

Mobile payment processing is hot these days.  The stakes are heating up, and the competitors are playing hardball.

Verfione and Square represent the ‘king of the hlil’ and the ‘new guy on the block’ among mobile payment players.   And Verifone has called Square out on alleged security shortcomings, which should be very important to merchants and consumers alike.

Here’s a link you may find very interesting:  http://techcrunch.com/2011/03/09/verifone-takes-the-gloves-off-accuses-square-of-serious-security-hole/

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To learn more about Verifone PAYware Mobile payment processing for iPhone CLICK HERE

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Posted in Accepting Checks Safely, Credit Card Processing, Data security, Merchant Accounts | Leave a comment

Verifone Vx610 GPRS Discontinued

Posted on March 8, 2011 by admin

Verifone has announced plans to cease production of  the wireless Vx610 GPRS model mobile credit card machine.  This notice does NOT affect the similar Vx^10 CDMA model.  Verifone will, however, continue to support the Vx610 GPRS until February 1, 2014.

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APF and NABU Fees

Posted on February 10, 2011 by admin
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We are frequently asked about the Visa APF and MasterCard NABU fees merchants have noticed on their monthly merchant statements lately.  Following is a brief explanation.

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Starting on July 1, 2009, Visa is introducing a U.S. Acquirer Processing Fee (APF). The fee will be $0.0195 on all Visa branded authorizations acquired in the U.S. regardless of where the issuer/cardholder is located. On April 18, 2009, MasterCard implemented a new Network Access and Brand Usage (NABU). Fee of $0.0185 for all U.S. based sales and credit/refund transactions.

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While fee increases are never welcome, particularly in bad economic times, it should be noted that for most merchants, these fees are insignificant, amounting to nothing more than small change.  At the same time, merchants should understand that these fees apply to ALL l merchants and ALLl processors, so beware of unscrupulous vendors who will claim that merchants won’t be subject to these fees if they switch to their company.  Absolutely not true.

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Posted in Merchant Accounts | Leave a comment