This is the Beacon Payments blog. Learn about the credit card processing and the merchant services industry. Hear about the successes of our outside sales people whose job it is to sell merchant services and sell credit card processing programs.
What really convinced me to sell credit card processing was the possibility of earning residuals and essentially building my own business. Not a day goes by now that I don’t thank myself for taking a risk and trying something new! This year I am going to make more money than most of my friends and if I continue to hit my goals I plan on not needing to work anymore within the next few years!
We have had many clients ask how they can figure out how much their monthly FANF fee is going to be. In our last post we published a chart breaking down these fees. Calculating your cost is fairly easy if you ONLY swipe cards or ONLY run non swiped cards. (IE: you run all your credit card processing over the phone or internet)...
This is a chart showing how much your business will pay for its monthly Visa FANF fee
3 Things to watch out for when you accept a free credit card terminal at your business.
Effective April 1, 2012, Visa will begin billing Acquirers a new monthly Fixed Acquirer Network Fee (FANF), which may vary each month.