Capital Bankcard South Blog- Industry Insider tips, tricks, and hacks

3 Costly Mistakes Business Owners are Making by Not Accepting EMV Cards

Posted by Chris Kille on Apr 12, 2016 9:26:46 AM

EMV compliance has now been in place for just over 6 months. Adoption rate is still relatively low, even among major chains and box stores. It appears that some businesses are just not taking it that seriously. Major Point of Sale and hardware providers are still slow to release compliant equipment, and most processors were late to the game, if they have even arrived yet. The card associations are taking this adoption very seriously, and they are starting to play hardball.

Here are a few scenarios that have actually happened to customers of mine.

The Late Adopter
The Micros User
The Mobile Merchant

0 Comments Click here to read/write comments

Topics: Merchant Services, EMV, Visa, American Express

The sneaky new pricing model your bank doesn't want you to know about

Posted by Chris Kille on Mar 3, 2016 9:28:10 AM

ERR pricing and why its bad for your business:

You are most likely reading this because you currently process credit cards through your bank. Truth be told, the larger banks in America maintain the largest percentage of merchant accounts in the country. What they fail to inform you is that the local service you are accustomed to will most likely be outsourced when it comes to your merchant account. They also usually neglect to inform you how their merchant reps get paid. At Capital Bankcard South, we make no secret and are completely transparent on how we make our money, and as a business owner, you have the right to know how your vendors make their money.

This short article outlines a relatively new pricing model that is being utilized in most of the major banks in America today. In my opinion, it is a sneaky and unethical way to mislead you into believing you are paying one rate, but in reality are paying something much higher.

0 Comments Click here to read/write comments

Topics: Merchant Services, Credit Card Processor, Visa, Merchant Account, American Express