Credit Card Processing Tips and Tricks

Jeff Kohl


Recent Posts

9 min read

The Who's Who of Payment Processing

By Jeff Kohl on Aug 19, 2019 11:40:59 AM

Do you understand who is involved in processing a credit card transaction?

There are many relationships within the payment card industry. We recently shared with you our list of the top 40 credit card processing terms and explanations because we believe that informed merchants are better equipped to find the best payment solutions for their business. Knowing and understanding the players of the credit card processing industry will similarly equip you and your business for success.

Maybe you already know that merchant service providers provide the same type of service as banks, but often do it with better customer service and support, with lower rates, and better prices on credit card processing equipment. Maybe you have no idea what the difference is between an issuing or acquiring bank, or between an ISO, MSP, PSP, and a processor. If you need guidance in the payment industry, APS Payments is here to help.

There are a lot of moving parts with each credit card transaction with many parties involved. In this blog, we will start by covering the terms used to describe the players behind the scenes in the payment industry. Next, we will walk you through the process of a single credit card transaction to fully understand how those players work together to process your payment.

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8 min read

Understanding Pricing Structures for Payment Processing Rates

By Jeff Kohl on Aug 9, 2019 6:14:56 PM

Uncover the Hidden Costs on your Merchant Statements and Find the Right Credit Card Processing Provider 

Choosing the wrong credit card processing service provider is a costly mistake - but one that can be easily avoided with the right knowledge and guidance. Hidden costs on your merchant statements make the selection process complicated. Small businesses have tight margins and need to cut costs wherever they can so it is obvious that they would benefit from simple and efficient billing processes. In order to arm you with the knowledge you need when evaluating payment processing solutions, this article provides three major tips for understanding how merchant statements work.

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5 min read

Credit Card Processing Industry News – Payment Service Provider Mega Mergers in 2019

By Jeff Kohl on Jul 3, 2019 11:10:42 AM

On the Chinese Zodiac calendar, 2019 is the year of the Pig - symbolizing wealth and good fortune. The economy in this remunerative year is strong, as evidenced by several big payment processing companies living “high on the hog” with mega acquisitions, consolidations and mergers. 

The payment processing industry is a competitive market when it comes to earning a merchant’s business.  It is not possible for a processor to compete on rates alone. The recent wave of acquisition and merger announcements are further blending the traditional model where acquiring banks and credit card processing companies are separate entities. Square, a payment facilitator (PAYFAC) designed for merchants with less than $10K per month processing volume, for example, is a non-traditional acquirer because they are also a credit card processor and are most known for their payment processing services above all else. 

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