Andrei Frolov’s Post

I don't like to plug individual companies, and this isn't one for Torus, but the fact this company exists shows that there is a big hole in the pricing and fee allocation by issuers and acquirers on both sides of Visa Mastercard networks. Years ago, I would hear about the large acquirers getting consultants in to make sure they are allocating scheme fees correctly to customers as they have no visibility at a merchant level. Also that they are not over-paying to the card schemes. It seems they are still working with the same spreadsheets. Torus seems to have come up with a SAAS product which provides accurate visibility and automates network fee calculations for issuers and acquirers to avoid these scenarios and save millions. This seems unbelievable but many of you probably won't be surprised. It does beg the question, how do you know you are paying the right fees, even if you are on Interchange++. And what can you do about it if your acquirer doesn't know either!! Heard of these guys via Geoffrey Barraclough's fantastic newsletter, Business of Payments.

Listed as one of the top six payment gateways in TSG’s 2023 Payment Gateway Directory, Authorize.net is your go-to solution for a well-rounded payment gateway. Whether you're looking to increase your reach within specific industries, or build connections with more ISVs, acquirers, or payment facilitators, Authorize.net can help you make that connection. Learn more about how Authorize.net can help your business from Visa's Sharon Haines. ➡ https://vi.sa/473Rt4B #payments #paymentgateway #authorizenet

For over a decade I have seen Interchange regulation start and stop ....over and over again. It was supposed to reduce cost for merchants and consumers .....and it is just not working. It is incredibly frustrating for merchants of all sizes. The solution to interchange caps is not more caps, but rather more competition from alternative payment methods💡 My colleague Paiak Vaid has written a super blog that you should read. Learn more here: https://okt.to/vldsOe #paymentfees #cardfees #SCA

Listed as one of the top six payment gateways in TSG’s 2023 Payment Gateway Directory, Authorize.net is your go-to solution for a well-rounded payment gateway. Whether you're looking to increase your reach within specific industries, or build connections with more ISVs, acquirers, or payment facilitators, Authorize.net can help you make that connection. Learn more about how Authorize.net can help your business from Visa's Sharon Haines. ➡ https://vi.sa/473Rt4B #payments #paymentgateway #authorizenet

Are you aware of Visa's guidelines regarding surcharging? Here are the basics of what your business needs to know: 🚫 State Policy: Certain states, including Connecticut, Maine, Massachusetts, and Oklahoma, have regulations in place that either prohibit or limit surcharging. ⏰ Notification Requirement: Merchants are required to notify their acquirer at least 30 days before implementing surcharging. 💳 Applicability: Surcharging applies only to credit transactions within the United States, not debit or pre-paid. 💰 Surcharge Limits: Visa's surcharging rules allow a maximum surcharge of 3% if all accepted credit card brands are similarly surcharged. 📝 Disclosure Requirements: Businesses must inform customers clearly about any surcharges at entry and point of sale so there are no surprises at checkout. 🧾 Itemization on Receipts: The final surcharge amount must be itemized separately on the transaction receipt. At BOLD, we prioritize helping businesses navigate the complexities of payment processing regulations. Visit https://bit.ly/48WfJY0 to learn more. #VisaPolicy #Surcharging #Compliance #Transparency #BOLDIntegratedPayments #PaymentProcessing

Easy. Fast. Secure. Just "Click to Pay". Now available with @IPSI platform. Paying bills and shopping cannot be any easier. #PaymentSolutions #PaymentTechnology #SimplifyingPayments

Listed as one of the top six payment gateways in TSG’s 2023 Payment Gateway Directory, Authorize.net is your go-to solution for a well-rounded payment gateway. Whether you're looking to increase your reach within specific industries, or build connections with more ISVs, acquirers, or payment facilitators, Authorize.net can help you make that connection. Learn more about how Authorize.net can help your business from Visa's Sharon Haines. ➡ https://vi.sa/473Rt4B #payments #paymentgateway #authorizenet

Do you hate overpaying for services? Who doesn’t, right? NextGen Payment Solutions makes it so that none of its clients ever overpay for payment processing. You see, we offer an interchange-plus pricing model. What is interchange-plus pricing? The term “interchange” refers to the costs or rates that are defined by such card networks as Visa and MasterCard. Every business, no matter its size, pays interchange. However, this fee varies based on the card type your customers use to make purchases. With interchange-plus pricing, all cards are processed at their exact assigned interchange rate plus a very small, clearly disclosed margin added on each card. If you don’t like overpaying for payment processing, contact us today! Call us at 1-866-518-6107 or email info@npscanada.com. https://lnkd.in/dR-HWJky #interchange #pricing #overpaying #service #customersatisfaction #paymentprocessing #merchantrates #customers #convenience #paymentprovider #merchantservices #industryleader #smallbusiness #payments #paymentsolutions #paymentgateway

🚀Product Update🚀 IPSI’s Click to Pay service: Revolutionize Your Checkout Process Discover the power of Click to Pay, the secure and quick payment checkout solution brought to you by IPSI and Mastercard. The Click to Pay checkout experience offers customers a simplified payment process, faster and consistent, regardless of the device or channel they choose. It helps increase payment security, sales and reduced cart abandonment. "It's more important than ever that the online checkout experience is simple, smart and secure," said Surin Fernando, SVP, Head of Customer Solution Centre, Mastercard. "We are delighted to be partnering with Mastercard to offer this highly advanced and seamless digital wallet service," said Jarrett Baker, Head of Product at IPSI. Click to read more about this new checkout solution, see how it works and the benefits it brings to your customers and your business. https://lnkd.in/g5zHvjAW #PaymentSolutions #CheckoutExperience #ProductUpdates #SimplifyingPayments #IPSI

With EspertoPay's seamless integration, E-commerce merchants can quickly and securely process card payments, driving sales and revenue growth. #EcommerceGrowth #EspertoPayIntegration #QuickProcessing #StreamlinedPayments #HighRiskMerchantSolutions