The pricing in the credit card processing world is complicated! So many terms and fees are bandied about that it is no wonder business owners are fed up with all things related to Merchant Services! In today’s marketplace, percentage only options have gained a ton of ground because of the pricing and fee confusion our industry has created. This oversimplification has lead to many businesses being overcharged (again!!) for the service of credit card acceptance. Our goal during this blog is to explain the basis of all credit card processing fees: Interchange (we will explain other industry terms, fees & processes in upcoming blog entries) When you see this Bicycle please look for explanations as they relate to a Bicycle Shop. Interchange reimbursement is the term used to

We’ve all heard that the people we hang around with and the books we read will determine where we end up 5 years from now. So look around! How are you doing with your associations (read any good books lately)? In the past couple of weeks, I have had the unique privilege of spending quality time with some outstanding individuals from all across the world. In fact, I caught myself wishing I could magically transport them all back to my home town during a recent dinner! Unfortunately, we cannot pull our friends from all corners of the earth and make them live within our reach. We can, however choose to make the MOST of our various associations! Check out these key areas in your life and then take

A New Year has begun and for many it means time for resolutions and refocusing! Here at TMC, we are looking at ways to be of MORE service and add more value to those who partner with our company. We are excited to let you know that our merchants & referral partners are going to benefit from our renewed commitment and focus in some exciting business building areas! Here is a glimpse of things to come in the New Year! Excellent Customer Service: this is our PASSION at TMC and we are always in the process of improving our level of service. There are tons of books to read, classes to take and seminars to attend for more information. We will (of course) turn to our most valuable

The more online transactions you process, the more risk you have in being exposed to fraud. Selling items online is convenient for your customers and increases sales for your business, but there is a risk involved and it’s much higher than in face-to-face transactions. When neither the card nor the customer is physically present at the point of sale, the merchant experiences the greatest exposure to disputes, chargebacks and fraud. The following security measures can help reduce fraud exposure for online transactions. Authorize every sale on the order dateAuthorizations are valid for a specific number of days which can range from 48 hours to 21 days depending on the merchant category code. Merchandise must be shipped and sales must be deposited within these timeframes or the authorization will