Dominion Business Consulting

Preliminary numbers for the first quarter show a decrease of just under 18% in credit card processing volume for my portfolio compared to same quarter results last year. Good news, you say? Actually, the good news is that processing fees decreased closer to 30% from same quarter numbers. So, while processing volume is down, fees [...]

With the advent of technology, most businesses can accept credit card transactions with the assistance of virtual terminals such as internet portals or automated voice response systems, but the safest and still the most cost effective method is though the use of a stand-alone credit card terminal.

I spoke with a merchant today who promised me her rates cannot be beat. Her rates would be pretty good, if she actually paid what she thought she was paying.
This business owner thought she was being charged a rate of 1.59% on both her debit and credit transactions. Reviewing her statement, she was actually paying [...]

There are many banks and merchants who offer free credit card terminals to their clients. But how “free” are these terminals?
The newest terminals on the market offer significant improvements in function as well as security. These terminals connect faster, some even use broadband internet connections or wireless connections, process faster and even print faster. By [...]

ACH—Payments directly drafted from your customer/client’s bank account or credit card for reoccurring or one-time payments

ATMs—Make extra cash from your customers and keep the money in your store — also cash checks all with the money in your ATM

Check Guarantee — Processes and guarantees checks electronically or verifies validity of account

Check Recovery (FARS)—Service to help [...]