June 2014

June 19 2014

What is EIRF?

Many businesses often see an Interchange Category called EIRF on their statement. EIRF is an acronym for Electronic Interchange Reimbursement Fee. Ironic because it sounds like a reimbursement to you but is the opposite. EIRF is a transaction interchange rate downgrade from the lowest qualified interchange rate to a far more expensive category. EIRF transactions […]

June 3 2014

Why Not to Use your Bank for your Credit Card Processing

You know, a lot of businesses especially new businesses feel obligated or even stuck using their bank for their credit card processing needs. This could be a very costly mistake and can actually cost you more than 25% on your fees for credit card processing. So let’s take a look at the first three of […]