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Guide to Understanding Merchant Discount Rates and Increasing your profits

Every Merchant should know what a merchant discount rate is. We have explained everything here. Merchant Discount Rate (MDR) is not a coupon or discount card you found in the cereal box this morning. Brace yourself, folks—Merchant Discount Rate, in essence, is the percentage of each credit card or debit card transaction that the merchant pays to the card-issuing bank and the payment processing company (sounds daunting, right?).

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Guide to Understanding Merchant Discount Rates and Increasing your profits
Guide to Understanding Merchant Discount Rates and Increasing your profits

Every Merchant should know what a merchant discount rate is. We have explained everything here. Merchant Discount Rate (MDR) is not a coupon or discount card you found in the cereal box this morning.

Posted by Merchantech
22 Nov 2023
The Definitive Guide to Finding a Kratom-Friendly Merchant Account on Shopify
The Definitive Guide to Finding a Kratom-Friendly Merchant Account on Shopify

In the world of Kratom, e-commerce presents both opportunities and challenges. One significant challenge is finding a reliable, Kratom-friendly merchant account on platforms like Shopify.

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EIN vs TIN - What Every Business Owner Should Understand
EIN vs TIN - What Every Business Owner Should Understand

Understanding the significance of both EIN (Employer Identification Number) and TIN (Taxpayer Identification Number) holds paramount importance for individuals and businesses alike.

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10 Steps to Setting up Online Pick-Up Orders for Your Smoke Shop: The Ultimate Guide for Success!

In today's digital era, incorporating online pick-up orders is critical for a smoke shop's success. By offering this service, you not only cater to the changing preferences of consumers but also tap into an avenue for increased revenue. In this guide, we will walk you through the 10 essential steps to successfully set up online pick-up orders for your smoke shop.

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7 Best Virtual Terminals for Small Business in 2023
7 Best Virtual Terminals for Small Business in 2023

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Starting a new business can mean many things to different people, but one thing is true across the board, the mode in which you accept payments must be solid. Accepting debit and credit payments

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Point of Sale: How Does It Work?
Point of Sale: How Does It Work?

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High-Risk v/s Low-Risk Merchant Account: Pricing Difference

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What Documents are Required to Open a Merchant Account?

A merchant account is a particular category of business bank account that merchants use to accept electronic payments, most often debit or credit card payments.

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Online ordering system for restaurantInterchange Plus Pricing v/s Fixed RatePrice is one of the most important things to consider when choosing a merchant service provider.

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Latest Blogs

Guide to Understanding Merchant Discount Rates and Increasing your profits
Guide to Understanding Merchant Discount Rates and Increasing your profits

Merchant Discount Rate (MDR) is not a coupon or discount card you found in the cereal box this morning. Brace yourself, folks—Merchant Discount Rate, in essence, is the percentage of each credit card or debit card transaction that the merchant pays to the card-issuing bank and the payment processing company (sounds daunting, right?).

Posted by Merchantech
22 Nov 2023
EIN vs TIN - What Every Business Owner Should Understand
EIN vs TIN - What Every Business Owner Should Understand

Understanding the significance of both EIN (Employer Identification Number) and TIN (Taxpayer Identification Number) holds paramount importance for individuals and businesses alike. EIN serves as a unique identifier for businesses, playing a pivotal role in tax-related matters, employee hiring, and establishing business accounts.

Posted by Merchantech
12 Oct 2023
7 Best Virtual Terminals for Small Business in 2023
7 Best Virtual Terminals for Small Business in 2023

The Rising Importance of Virtual Terminals in Small Business Operations Virtual terminals are essential for small businesses, offering versatile payment acceptance and remote transaction capabilities. They save costs, boost efficiency, and integrate with various tools.

Posted by Merchantech
07 Sep 2023
The Definitive Guide to Finding a Kratom-Friendly Merchant Account on Shopify
The Definitive Guide to Finding a Kratom-Friendly Merchant Account on Shopify

In the world of Kratom, e-commerce presents both opportunities and challenges. One significant challenge is finding a reliable, Kratom-friendly merchant account on platforms like Shopify.

Posted by Merchantech
16 Aug 2023
10 Steps to Setting up Online Pick-Up Orders for Your Smoke Shop: The Ultimate Guide for Success!
10 Steps to Setting up Online Pick-Up Orders for Your Smoke Shop: The Ultimate Guide for Success!

In today's digital era, incorporating online pick-up orders is critical for a smoke shop's success. By offering this service, you not only cater to the changing preferences of consumers but also tap into an avenue for increased revenue. In this guide, we will walk you through the 10 essential steps to successfully set up online pick-up orders for your smoke shop.

Posted by Merchantech
15 May 2023
Point of Sale: How Does It Work?
Understanding Payment Reversals

Discover the ins and outs of payment reversals in this comprehensive guide. Learn what is it? why they occur, how to prevent them, and navigate dispute resolution effectively.

Posted by Merchantech
15 May 2023
Point of Sale: How Does It Work?
Point of Sale: How Does It Work?

The point of sale (POS) system is where transactions between customers and sellers take place. It serves as the central hub for processing payments, monitoring inventory, and generating receipts or invoices. In this blog post, we will delve into the concept of point of sale,

Posted by Merchantech
15 May 2023
Streamlining Smoke Shop Operations with Quickvee
Streamlining Smoke Shop Operations with Quickvee

The smoke shop industry has seen significant growth in recent years and has become a highly competitive market. You might even say it’s lit! Yet, managing the day-to-day operations of a headshop can be challenging,

Posted by Merchantech
15 May 2023
6 Tips for Finding Your Ideal High-Risk Merchant Services Provider
6 Tips for Finding Your Ideal High-Risk Merchant Services Provider

Starting a new business can mean many things to different people, but one thing is true across the board, the mode in which you accept payments must be solid. Accepting debit and credit payments

Posted by Merchantech
15 May 2023
High-Risk v/s Low-Risk Merchant Account: Pricing Difference
High-Risk v/s Low-Risk Merchant Account: Pricing Difference

Starting a new business can mean many things to different people, but one thing is true across the board, the mode in which you accept payments must be solid. Accepting debit and credit payments

Posted by Merchantech
15 May 2023
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Merchantech provides simple and convenient ways to accept credit cards, debit cards, and EBT cards. We provide payment and online ordering solutions to small businesses.

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