What Are Merchant Services?
The process of accepting credit and debit card payments from customers is classified as merchant services. This includes all of the services and products such as card terminals, merchant accounts, POS systems and payment gateways.
Understanding Transaction Statements
Card transaction statements can be difficult to understand with each provider presenting figures differently. It’s worth getting to know your way around them as they contain a lot of useful information that can help you figure out ways save money.
PCI Non Compliance Fees
Many businesses owners see PCI non-compliance fees on their transaction statements and wonder why they are necessary on top of the other card processing charges. They are a monthly penalty rate to encourage businesses bring their account back into compliance.
