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Posts in December, 2009

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How To Program Your Credit Card Terminal

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A common question many users ask is what will happen with their existing credit card terminals if they choose to switch credit card processors. The good news is that switching terminals is simple and painless, as shown in the video below. Here is the first of a series of informational videos from FeeFighters which empower you, the business owner, to get informed and keep more of your hard earned money. Read more

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2010: Your Business's Best Year

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The New Year gives us a natural opportunity to look back and analyze our successes and shortcomings the previous year. Each year, we strive to do better personally and professionally, yet somehow usually fall short of our expectations. This year, Duct Tape Marketing has some great tips on high level ideas to jumpstart your business in 2010. Here are a couple in addition to a challenge for your business: Read more

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The Grinch of Credit Card Processing

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Check out this cool video from The CreditCardCon.com, a project of Consumers for Competitive Choice. This dedicated group of individuals is a “diverse national coalition of Americans who support a strong, vibrant, and consumer-focused economy.” The CreditCardCon.com lets you sign a petition to lower swipe fees and reports the latest news in efforts to lower credit card processing costs. Read more

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Insurance Credit Card Processing

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The insurance industry, including carriers, brokers and agents increasingly accepts credit cards. Typically such businesses accept payment from their customers over the phone or computer, more similar to an internet business than a retail store. Read more

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consumers pay big time for inflated interchange fees

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The Retail Industry Leaders Association (RILA) recently reported that ultimately consumers are the ones bearing the brunt of paying for inflated interchange fees.  Interchange fees have been in the spotlight in Washington, especially with last month’s report from the GAO (Government Accountability Office) which suggested that credit card companies and their banks are the ones profiting from higher fees, as merchants and consumers face rising costs. Read more

Quick Hits

How Utility Companies Can Save At Least 25% on Credit Card Processing

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FeeFighters recently spoke at a utility conference about how its participants can save money on credit card processing. After analyzing one of the participants’ credit card processing statements, we realized they could save 25% or about $30,000 annually on their credit card processing fees.

7 Steps To Zappos-Quality Customer Service

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By the time we talk to business owners, many have been burned by a credit card processor. They reach out because they have been lied to, promised lower rates, and altogether feel cheated.

FeeFighters Panel @SxSW

We had a great time submitting, organizing, and speaking on our panel on financial institutions and startups. Here are some photos from the event and a great summary from moderator Felix Salmon: