The topic of cash discounts and surcharges can make your head spin, as they are subject to many specific laws and rules. So, what is a cash discount and is it the same thing as a surcharge?
You must educate yourself on basic interchange costs with a concentration in the four most common types of pass through fees: APF/NABU, assessments, kilobyte, and the Processor/Acquirer Fee. The key is to identify the actual cost for each of these items.
It’s no secret that the credit card processing industry is evolving fast. From online credit card processing services to mobile credit card processing, new products and trends are transforming the way consumers pay for their purchases.
Acronyms and the World of Business Credit Card Processing
by Xplor Pay
Lately I’ve received several questions regarding industry acronyms. That’s why I’d like to clarify their meaning and help eliminate any confusion. After all, there is no dictionary that focuses solely on terms used in business credit card processing.