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July 2011 - Your Merchant Services Rep : Your Merchant Services Rep

Your Merchant Services Rep

Credit Card Processing & Payment Solutions for Business and Non-Profits by Clark Vandeventer

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Archive for July, 2011

Should my business accept American Express?

Posted by Clark on July - 26 - 2011 0 Comment

I have clients all the time ask me if they should or if they should continue to take American Express. The fees are higher and the fund time is slower. But the most important thing is to get paid. I never use the word never, but rarely will a merchant lose a sell by not taking American Express.  The customer pulls out their American Express Card. You respond by saying,  [ Read More ]

The Food Truck Race for Mobile Payments

Posted by Clark on July - 19 - 2011 0 Comment

Food trucks are popping up all over the country, even on reality TV programs. Shows like Man vs. Food featuring Rutgers University’s “Grease Trucks” and The Great Food Truck Race have recently shined a spotlight on these mobile meals-on-wheels, which debuted in the U.S. in 1866 as “chuckwagons.” According to an American Express Market Briefing report, in 2009, one out of eight consumers had eaten at a mobile food truck  [ Read More ]

One of the main factors in determining the rate on any credit card transaction is the risk involved.  What’s the fraud risk?  What are the chances that a purchase is being made with a stolen credit card? The more you mitigate that risk the lower rate you’ll pay.  (Assuming your processor has you set up on a fair pricing structure that allows you to take advantage of the fact that  [ Read More ]