| Victory Domain's QUICK SHOPPING CART NOW LINKS WITH QUICKBOOKS
VictoryDomain.com is helping small businesses easily open and manage online stores. Users can also take advantage of a QuickBooks Merchant Services account to accept all major credit and debit cards and reconcile Quick Shopping Cart payment data directly in QuickBooks. .
Peer review: Merchants pay fees for sales that use plastic
A You have heard correctly: Merchants pay fees when you use your plastic for purchases. Those charges are called "interchange fees," although there may be some fees with other names built in as well. The system is fairly complicated, but the fact is that if you spend $100 using plastic when shopping, the merchant likely will see only $98 or $99 of it. Credit-card and debit signature transactions typically cost merchants between 1 percent and 2 percent of the purchase amount in fees, depending on the type of card and the banks involved. Debit transactions using a PIN cost the merchants much less, around 0.2 to 0.5 percent. These fees are divided among the bank that issued the card, the credit-card network (Visa, MasterCard, etc.), and the merchant's account provider. Some have called those fees an implicit tax, because merchants pass the costs on to customers in the form of higher prices.
AIADA Establishes Partnership with Moneris Solutions for Dealership ...
ALEXANDRIA, Va., Jan. 14 /PRNewswire/ -- The American International Automobile Dealers Association today announced a new affinity partnership with Moneris Solutions, designed to provide dealer members with exclusive pricing on merchant card processing, check guarantee and conversion, gift cards and ACH/EFT processing. Moneris Solutions is one of North America's largest payments processors with a roster of clients that include numerous Acura, Lexus, Mercedes-Benz and other leading car dealerships. "As more and more customers seek to pay by credit and debit card, and check services become a critical component to closing deals, the ability to accept any type of payment has become a fundamental element in maintaining dealership customer satisfaction," said AIADA President Cody Lusk.
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