Tips to Keep Credit Card Processing Fees Down
7 Tips that will help keep your credit card processing fees down 1. (Keyed Transactions) If your business keys transaction you want to make sure your terminal prompts for a zip code. Full AVS (address verification) is not needed, but Visa and MasterCard require at least the zip code. 2. (Pre Authorization) Visa and MasterCard require that if you pre-authorize a credit card you settle the transaction within 1 day for retail business, 2 days for card not present businesses. 3. (Pre Authorization) When you Pre-auth a card the settled amount has to be no more than 20% more. Example, if you pre-authorize $1, 000 the settled amount has to be no more than $, 1, 200. ...
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