Virgil Stanphill's Blog – March 2015 Archive (3)

Here Are The New Credit Card Assessment Fees

Credit Card Brand Rate Changes Effective April 2015

Typically, if the card brands are going to make any rate adjustments they will do so in either April…

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Added by Virgil Stanphill on March 27, 2015 at 5:30pm — No Comments

Credit Card Processing Contributes 254,100 Tons Of Waste

Over 4,000,000 Trees

Every year retailers, institutions, and small businesses use more than 254,100 TONS of paper to print non-recyclable receipts on thermal paper using a standard credit card terminal.

Considering it takes 17 trees to make 1 ton of paper, it only takes a simple calculation to realize that's 4,318,000 trees we're cutting down for paper receipts each year (254,000 x 17) -…

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Added by Virgil Stanphill on March 25, 2015 at 2:46pm — No Comments

The Best Credit Card Processing For Multi-Location Dealers

Computer vs Credit Card Terminal

Auto dealers can realize significant benefits from computer-based processing (vs. a terminal), because the typical dealership has a least 3 departments they're getting transaction data from each day - the big 3 are sales, service and parts. Often, there are even more departments, e.g., body shop, rental, finance and/or miscellaneous (some dealers even have refreshment areas complete with coffee bars, etc. ... which of course means more credit card…

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Added by Virgil Stanphill on March 22, 2015 at 3:30pm — No Comments

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