Words from your
Switching credit card processors is a major decision for a business. Their new processor may have new equipment or a new type of monthly statement to read. Either way, it is something that should not be a hasty decision. At MAX, the first step we take in assessing the amount of savings present is by looking at the business’s statement.
By looking at their current credit card processing statement, we are able to see their current rates and pricing. Often, it takes a closer look to see hidden fees. For example, it is common practice for some processors to hide fees into the interchange rates. We coined this process “padding the interchange rates.” When we uncover this, we go line by line to see what the merchant is being charged.
Savings is the leading reason to switch credit card processors. When someone gives us their statement, we provide a detailed file that explains their current rates and their new pricing with us. This enables us to be as transparent as possible. By showing all of our rates outlined in a file, there are no surprises for the merchant when they sign, and they also know what their previous rates were.
The bottom line is that we are trying to help as many merchants as possible. That is the reasoning behind our explaining their current rates and their new rates. If the deal you have is tight, we let you know! We pride ourselves on our reputation and our ability to save merchants money honestly and with clarity.
Why Switch Switching credit card processors is a major decision for a business. Their new processor may have new equipment or a new type of monthly statement to read. Either way, it is something that should not be a hasty decision. At MAX, the first step we take in...read more
What is an EMA update? An EMA update is a software update for your terminal. It simply updates your machine. EMA updates are necessary to complete changes in batch times, tip lines, gratuity guides, and name changes, for a few examples. EMA updates are prevalent in...read more
The Holiday Season is Quickly Approaching! Before you know it, the holiday season will be upon us! Here are three quick tips in order to get your merchant account reach for the holiday season. Quick Tip #1: If you were going to switch processors, switch now. You might...read more
Don't Surcharge Just to Surcharge Surcharging is spreading like wildfire. My advice to every merchant who wants to or is considering surcharging is to pause and think about it first. It is not something you should rush into. Surcharging provides an opportunity for...read more
Beware of the Debit Card We are in the middle of our summer blog series regarding surcharging. Lately, we are coming across more and more merchants who are interested in surcharging, cash discounting, and convenience fees. I believe this stems directly from the fact...read more
What's the difference? Continuing in our discussion of surcharging, a distinction between cash discounting and convenience fees needs to be made. Both have their pros and cons, but they are two different processes. Cash discounting focuses more on rewarding patrons...read more
We are celebrating our third anniversary! Three years ago, MAX Payment Solutions originated as a way to thank the customers of MAX Communications. Yet, here we are today, with two separate companies, MAX Communications and MAX Payment Solutions, both self-sustaining....read more
Is Surcharging the Right Move for Your Business? The newest trend in merchant processing is surcharging and cash discounting. Over the next few months, we will be discussing the difference between the two. We will also discuss what a business owner needs to be...read more
Credit Card Processing Additional Fees Taking a closer look at your merchant processing statement is always a good idea! It is important to know your rates and fees, so when offered a "better deal" you will be able to evaluate possible savings for yourself. Knowing...read more
Why Should Businesses Accept Apple Pay? Apple Pay is one of the latest, innovative ways of payment acceptance. One of the main reasons to accept Apple Pay is for the customer. Providing your customers with another easy payment option helps make their shopping...read more