Credit card processing is one of the “must-haves” for a lot of businesses. This is especially true because the world is moving to a cashless and internet-based economy. Payment processing is more similar to a utility, such as electricity or water. Unlike a traditional utility which has very few suppliers and frequently only one option, […]
The growing use of credit cards is a global phenomenon. The internet continues to explode, the ability to have your credit card on your phone is becoming normal, and the fact that we were forced to stay at home for many months during the pandemic has all turned credit cards into one of the most […]
An early termination fee in credit card processing is an extra charge that a merchant gets for cancelling their merchant account prior to the termination date set in their contract. The design of early termination fees is to discourage merchants from leaving. It is supposed to reduce churn. All payment processors want to make a […]
As a business owner, there is a fee you pay so your customers can pay with credit cards. The fees are primarily a fixed transaction cost and a percentage cost of the total sale amount. The fixed transaction fee is generally between $0.05 and $0.40 per transaction and the percentage fee ranges from 1.9% and […]
We’re here to help you get the best credit card processing. Credit card processing, also known as merchant services, is notoriously difficult to understand. The endless options of payment pricing rates, different types of hardware, and the abundant choices of software make things a little exhausting. Getting the best credit card processing rates are generally […]
When your business processes a credit card, you will be charged a transaction fee. The majority of that fee is the interchange fee. What is the interchange fee? The interchange fee is part of your transaction fee that your business will pay when a customer pays with a credit card. The customer doesn’t get impacted […]
In payment processing, the two most popular pricing models are flat rate pricing and interchange plus pricing. Interchange plus pricing is also known as cost plus pricing. Even though this article focuses on those two, there are other innovative models that exist such as membership pricing where you pay a monthly fee to get access […]
The world is reopening. People are starting to explore again. People are traveling and starting to stay in hotels once again. This is great news and this reopening is a perfect time to revisit the payment processing in your hotel, motel, resort, and bed & breakfast. Credit card processing is integral to hotels Hotel, travel, […]
When you accept payments, funds get automatically deposited into your bank. This generally happens within 3 business days. By the way, Clearly Payments deposits your funds in less than one day. The funds being deposited into your account is also called settlement. One of the options that our merchants get to choose is whether they […]
It’s no mystery that Clearly Payments is on a mission to offer the lowest cost payment processing. It’s been written about many times and many customers have benefited from the low cost credit card processing. The questions we get frequently is how do you do it and why don’t other payment processors do it? Let’s […]
