MerchantPro Express Blog

Business Cash Advance vs. Business Loan

Posted by MerchantPro Express on Sep 6, 2017 9:00:00 AM

Although there are business owners who don’t need outside assistance to either start or grow their organizations, many find their success depends on additional financing from outside sources. Doing so gives them access to capital that can help fund payroll, inventory, management systems and equipment, making day-to-day operations run smoother and more effectively.

Business cash advances and business loans are two financing options to consider. While some people may believe these terms refer to the same method of funding, they are actually quite different from one another, with their own benefits and drawbacks.

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Topics: MPX Benefits

Do Interchange Rates Change?

Posted by MerchantPro Express on Sep 1, 2017 1:10:08 PM

Like many other financial rates, interchange rates—those fees collected by credit card banks per each transaction—do not stay the same. The amount a merchant acquirer paid in interchange five years ago, or even one year ago, is different from the current rates. This is one reason why the interchange fees on a merchant’s credit card processing statement vary.

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Topics: MPX Benefits

What Features Should Your Credit Card Reader Have?

Posted by MerchantPro Express on Aug 4, 2017 5:05:06 PM

When merchants decide on the type of credit card reader they want to use, there’s typically a lot of research involved. This way, they learn about the different options available, comparing and contrasting their advantages and disadvantages. The model most optimal for your business is going to vary, depending on your industry. For example, those who are out in the field and need to accept payments from customers onsite may not have the same list of must-haves as those owning a clothing store.

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Topics: MPX Benefits

6 Facts About the Clover POS System

Posted by MerchantPro Express on Aug 3, 2017 9:23:59 AM

The Clover POS System is one option for merchants who want to accept credit card payments. However, as with any business decision, research will help determine the best results.

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Topics: MPX Benefits

What Is the Chargeback Fee on Your Merchant Statement?

Posted by MerchantPro Express on Jul 21, 2017 9:04:51 AM

Just like any other bill, it’s imperative to know what each fee on your merchant account statement means. This way, you’ll have a clear understanding of what products and/or services you are paying for and will have a much easier time reviewing it every month. Plus, if you’re not familiar with the types of costs associated with credit card processing, you may never realize that your provider is including unwarranted fees at a high rate, which often occurs. That means more money out of your pocket and less money to put back into your business.

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Topics: MPX Benefits

4 Qualities of a Top Merchant Cash Advance Company

Posted by MerchantPro Express on Jun 27, 2017 11:02:00 AM

Selecting a merchant cash advance company for your business is a big financial decision requiring much thought and consideration. However, an even bigger decision is choosing a provider. Unfortunately, not all cash advance providers are created equal—some are going to offer you better rates and services than others. Consequently, if you don’t know what qualities a merchant cash advance company should possess, you could end up spending more money for mediocre services.

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Topics: MPX Benefits

What is Flat-Rate Pricing in Credit Card Processing?

Posted by MerchantPro Express on Jun 8, 2017 11:20:24 AM

Of all the billing platforms in the credit card processing industry, flat-rate pricing is the easiest to understand. When merchants use true flat-rate pricing, they are charged one rate, regardless of transaction size or type, for all of their credit, debit, corporate and rewards card transaction volume.

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Topics: MPX Benefits

4 Benefits of Merchant Cash Advances for Your Business

Posted by MerchantPro Express on Jun 7, 2017 9:05:10 AM

While a loan may be the first thing you think of when in dire need of funds for your business, there are alternative choices to consider that are just as advantageous—maybe even more so. Merchant cash advances are one of them.

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Topics: MPX Benefits

What is the Difference Between an Authorization Fee and a Transaction Fee?

Posted by MerchantPro Express on May 17, 2017 4:00:00 PM

Whether you’ve had a merchant account for a year or a decade, you may not completely understand each and every rate and fee that’s listed on your merchant statement. From PCI compliance and chargeback fees to interchange and batch fees, there’s a lot to learn, and trying to do so on your own may leave you scratching your head. One thing’s for sure, however: Authorization and/or transaction fees will almost always appear on your monthly credit card processing statements, so knowing what they refer to is imperative.

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Topics: MPX Benefits

A Look at Your Merchant Account: Tiered Pricing Defined

Posted by MerchantPro Express on May 12, 2017 11:30:05 AM

Tiered pricing is one of three major billing platforms a merchant service provider offers clients seeking to accept debit and credit card transactions—the others being interchange plus pricing and bundled pricing. Tiered pricing organizes various transaction types into tiers. There can be up to six, but are typically only two or three. The qualifying tier determines the rate merchants are charged by their provider. These charges are reviewable within monthly merchant statements.

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Topics: MPX Benefits

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