Credit Card Corner:

Reducing flat processing fees

Typical merchant services come with set monthly fees. If you know what to do you can recapture up to 40% of those costs. These items appear as Statement fee or Account fee

Despite What Powell Says, the Fed Is Likely Done 🤔

In the realm of economic affairs, business owners should remain attentive to the potential disparity between Federal Reserve Chairman Jerome Powell's declarations and the central bank's forthcoming actions. Recent economic indicators, including a robust surge in job opportunities and inflation inching closer to the Fed's desired target, have prompted suggestions that the Federal Reserve could be nearing the conclusion of its bond purchasing initiative sooner than anticipated.

A notable concern revolves around the possibility of the economy overheating, which might prompt the Federal Reserve to contemplate an expedited interest rate hike. For business owners could benefit from stable borrowing costs in the near term due to the Fed's cautious stance on rate hikes.

Watch closely economic indicators, prepare for potential inflation effects, and maintain financial flexibility while considering market volatility and aligning their strategies with the ongoing economic recovery. Read more in the full article below.

Source: Justin Lahart (WSJ) 

Card Present vs. Card Not Present and what it means for your business

For business owners, understanding the distinction between card present and card not present transactions is crucial. Card present transactions offer security through in-person interactions, often resulting in lower fees and reduced fraud risks. However, they are limited to face-to-face scenarios.

Conversely, card not present transactions, common in online purchases, offer diversification but come with increased security concerns. Embracing both options, guided by experts like Capital Merchant Services, can help you tailor your payment processing to customer preferences, ensuring security and accessibility across various platforms, from physical stores to eCommerce, mobile payments and e-invoicing. Let us help make your business transactions a fortress of security.

About me

I have 15 years of experience in payments and specialize in helping businesses stay competitive with Payment systems that grow sales and minimize costs.

At CMS we offer faster funding, local service, and more payment options for your customers.  Let’s connect and improve your bottom line. I'm happy to be a resource for you!

Nathan Ralls