5 Must Ask Questions To Stick It To Your Credit Card Processor!
If you are in business for yourself you’ve likely been accepting credit or debit cards, which means hiring a third-party processing firm to manage the transaction between you and the card giants.
Visa and MasterCard manage the overwhelming majority of the credit and debit card network but don’t work directly with business owners. They outsource sales and customer support to processors. Processors are also commonly known as merchant account providers or aggregators.
“The seller has more information than the buyer, so anytime you have a situation like that, it is like a used car sales lot. As a result, these aggregators are often criticized for confusing merchants with complicated payment schedules and fees.