February 23, 2016


What You Must Know About Merchant Services In Credit Card Payments?

As a business man you have finally decided to take the plunge into the credit card payment acceptance. You must now be aware and prudent in choosing the right merchant credit card processors. This involves a little bit of research and understanding of the technical jargons.

Look for trusted representative

Before you pick the merchant services, it is important to browse through several of them. You will be visited by a representative from the merchant service company. The rep is going to play a vital role. Choose someone who can be trusted and do not hype up the actual picture. You may ask your friend for their feedback and referrals. But just don’t go by their opinions alone. Make your own calculation before taking the final leap.

Know the pricing models

There are basically three types of pricing models provided by merchant credit card processors which you must know:

Flat rate: It is more popular. Suitable for small business units with small volume of transaction. May cost more for per transaction.

Tiered: They have qualified, non-qualified and mid qualified levels. Based on the processing of the transaction, fees are charged on tiers.

Interchange: it’s a kind of wholesale cost wherein there is also a negotiated cost that is added up to it. This can be a very confusing model but is beneficial for middle to large scale business units.

Understand the fees involves

Getting to know in detail about the fees involved is the next major step. You must ask about all the vital parameters like

  • Annual fees
  • Monthly penalty if any, then negotiate on this
  • Termination fees rate
  • Service fees charged n monthly basis
  • Application fee, set up fee, statement fee, batch fee, online reporting fee and so on

Customer service level

You may need their assistance at any time. Ensure that they have a dedicated system for attending to customer queries 24/7.

Update on software and equipment

You must be ready with the equipment and terminals for taking on credit card payment. It is also essential to keep your staff trained for the same. Enquire if the merchant services company offer any free training for the same. This will help in hassle free set up.

Compare and change

Once installed you must keep track of your charges and fees. If you feel that the current provider is charging you high then never hesitate to switch to another provider.

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Top Tips for Success in your SAS Analytics Training Course

If you are studying a SAS Analytics training course, then hopefully you will have got to choose the company that you do it through. You should pick one that you feel will lead you to success. However, you may have had the course chosen for you by your employer or you may not be sure how to tell. Luckily as well as choosing a good course, there are things that you can do to help you be more successful.

Find good study conditions

It is well worth making sure that you choose a good place to study that will be quiet and have the equipment that you need. Trying to study in a busy family home or in the office could not be good as it will be distracting. You will need to think about what will suit you the best with regards to a good environment to work. You need to think about convenience of the location, what times you will be working as well to make sure that the place you choose will fit in with that.

Ask questions

It is important to make sure that you ask questions while you are doing the course. Make sure that you understand all of the information that you are learning but also ask questions about how to apply it to your work. Learning things around the core text will help to consolidate your knowledge and help you to understand it all better.

Read around the topic

You can also read around the topic yourself as well. This will help you to expand your knowledge which will look good when you are doing the examination. You will also have to have a good understanding of all of the basics if you want to know more about it and therefore it will help you to make sure that you have a good understanding of everything due to the analytics course.

Apply your knowledge

As mentioned before it is useful to apply your knowledge. If you cannot do this in your job, then find a way to do it at home. Practicing the theoretical work that you have learned will help you to consolidate what you have learned and be sure that you fully understand it. It will also allow you to be able to leave the course knowing how to use it in your job and at home. Practicing while still doing the course means that you will be able ask your tutor any questions should you get any problems.

Make sure your understand before moving on

It is so important to make sure that you understand before you move on to the next part. If you do not have a grasp of the basics then you may struggle to understand anything beyond that point. Make sure that you ask your tutor to explain everything to you fully, if you think that you will not be able to understand it on your own. They may be able to explain it in a selection of different ways so that you will be able to get a grasp of it.

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