Latest News

The following articles will help keep you up to date.  Pleae feel free to contact us on these or other matters.

What Solutions are There for Contactless Processing?

Today we are adjusting to the “New Normal” and some of these contactless methods are curbside services or remote – Open Air or Delivery.  If you key in the transaction due to terminal location you will incur higher interchange for the processing.  We can assist you with Wireless(wi/fi) terminals that transmit like a cell phone that are great for the curbside price management and these terminals also have ApplePay as part of the service.  A slightly less permanent move and good for deliveries or service calls id the Mobile reader that integrates by bluetooth to a smartphone or iPad and fees are the same as a standard terminal at the store/office.  Merchant Connecting would be happy to advise or work with you to develop the best method you think will work for your business.

Corona Virus is top of mind

All should concentrate on family, friends and themselves first and foremost as we get through this together. 

I have noticed a trend that a number of my prospects are taking advantage of this slowdown to re-evaluate the processing prices and are requesting a review so they can potentially emerge from this situation stronger and more efficient.  We are still here and there is no transmission of the virus through e-mail so why not take advantage of the free review to confirm the best program services as well as a pricing checkup?  We are still working and are here to help with a commitment to admit if the program you are using is better all the way around – Why not give it a try and we only need a few months processing statements to provide you peace of mind in another area that affects you the Business owner.

Surcharge Status in California

It is a new concept to consider that the cardholder could cover the costs of processing a credit card the merchant usually absorbs (or builds into the price). 

The Surcharge concept enables the merchant to offer a reduced price if the card holder would consider paying cash thus continuing the luxury of the card while reducing the merchant fees.  The standard amount for a surcharge is not to exceed 4% and with some registration could be more flexible.  There is a new regulation from Visa/MC around identifying the costs and this can be relieved by listing standard prices on a web page (both Cash & Card) to suffice the regulation.  California Attorney General cannot enforce any restriction unless the merchant is abusing this opportunity and making a profit.  Best news is that there is a terminal we provide that will conduct this transaction for the merchant and the deposit and the fees are paid daily.

Bank of America and FDC announced splitting the Joint venture in July

There is a phrase that “what is old is new again.”  This is the reality of the BAMS Joint venture between BofA and FDC. 

I was a part of this in 2010 creation where there was confusion through the change and now the program could go through some of the same dissolving issues as some of the other partners with FDC.  There could be confusion of who will retain which clients and this could make the clients uneasy not knowing where they will fall going forward.  There is peace of mind that the coverage should not be interrupted through July 2013 but that could depend on the service needed beyond the processing of a transaction.  We offer multiple platforms and the same so there could be change of the processing entity without the processing integration.

Location

Ventura, Santa Barbara and San Luis Obispo Counties 

Orange County,West and South Los Angeles

San Fernando Valley and North Los Angeles County

Contact

Ritchie Brill (805) 669-8382 RBrill@MerchantConnecting.com

Alain Palacios (818) 203-6693

AlainPalacios@gmail.com

Michael McCann (818) 390-3889

MerchantConnecting@Gmail.com

Hours

We are open M -F 8:00 am to 5:00 pm, and most every other time too!

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