The Monopoly Of Visa And Mastercard In Payment Processing

The Visa and Mastercard monopoly in payment processing presents significant challenges for merchants and consumers, including high swipe fees, anti-competitive practices, and negative impacts on small businesses. With control over 90% of the market, these fees are passed on to consumers, burdening those with limited incomes. Ongoing regulatory scrutiny aims to disrupt these practices and foster market competition...
By
Derek Abram
|
CEO of Prio
|
5 minutes
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Enhancing Payment Solutions for Hairstylists

Derek Abram
Derek Abram
5 minutes
Payment Processing

Explore comprehensive payment solutions tailored for hairstylists, from cash to digital. With evolving financial technologies, hairstylists can now offer diverse payment options to clients, enhancing convenience and boosting business efficiency. This guide dives into modern trends, benefits, and practical tips for managing payments effectively...

How Much Can I Charge for a Credit Card Processing Fee?

Derek Abram
Derek Abram
5 min read
Payment Processing

In most states, it's now legal to "pass on" credit card fees to your customers - a practricew called surcharging. But knowing how much to charge, and when you're not allowed to charge, can seem tricky when laws vary from state to state. Here's everything you need to know...

No Fee Credit Card Processing: Advantages and Alternatives

Derek Abram
Derek Abram
5 min read
Payment Processing

Credit cards are a must-have for any business. But credit card processing fees can eat into your profits, and for small businesses or those with razor-thin margins, this can be a real problem. Hence the age-old debate: should we pass those costs onto our customers, and if so, how...

Is It Legal to Charge My Customers a Credit Card Processing Fee?

Derek Abram
Derek Abram
5 min read
Payment Processing

Your customers want to pay by credit card, but you don't want to pay the fees. You've considered passing the fees onto your customers to pay, but you're probably wondering if it's really legal to do so. The short answer is: Yes - with some considerations...

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