| Using POS credit card processing terminals seems | | | | line is not signed by the cardholder. Chargebacks and |
| easy enough, but some simple tips will help you save | | | | disputes are very costly, and a single $30 refund |
| with your POS credit card processing terminals on | | | | charge can remove a smile, multiply that by many |
| hidden charges you are probably incurring because of | | | | transactions and your hard work is ruinedBe sure to |
| how you use them. | | | | process your transactions on the same day the |
| You are all set up as a merchant, you have your | | | | purchases were made. Use the batch upload function |
| accounts properly setup, your credit card processing | | | | within the same period of the purchases so that your |
| terminal is synced with your account and you are | | | | transactions are not downgraded. What this means, if |
| ready to start accepting purchases with a card. You | | | | you process your payments after 24 hours, payment |
| think you have a handle on your discount rate, having | | | | processing companies typically increase your |
| agreed to a 3% per transaction charge, but you are | | | | transaction charge |
| quite surprised come your monthly statement that your | | | | - Do not ignore digital prompts that your terminal |
| charges were much higher. What happened? | | | | provides. Your POS terminal will often ask for |
| The following tips will help you avoid any less than | | | | additional information for corporate cards and some |
| obvious fees and charges that can apply depending | | | | debit cards, ignore these prompts at your peril, as not |
| on how you use your credit card processing terminals. | | | | following the directions also can lead to an increase of |
| - Be sure when using a POS terminal to swipe the | | | | your transaction charges. |
| card rather than manually input the cardholder | | | | These are just a few of the unexpected ways that |
| information. If it does not read the card properly the | | | | POS credit card processing terminals, if used |
| first time, do not give up, swipe it again and avoid | | | | improperly can increase the costs of doing business. |
| manually entering as this can affect your rate from | | | | As you are well aware, every percentage point can |
| .5% and higher. | | | | translate into huge sums, so keeping an eye on the |
| - Prevent chargeback frequency and disputes by | | | | details can keep your business thriving. |
| always checking additional identification if the signature | | | | |