Consumer Financing: What Businesses Need to KnowConsumer financing has become an essential tool for businesses looking to enhance customer satisfaction, increase sales, and remain competitive in today’s market. By offering flexible payment options like “buy now, pay later” (or BNPL) programs, companies can cater to a broader range of customers and improve their overall shopping…
A Complete Guide to Chargebacks: Everything You Need to KnowChargebacks can be a challenging and costly issue for businesses of all sizes. Whether you’re a seasoned business owner or just starting out, understanding chargebacks, their causes, and how to prevent them is essential for protecting your revenue and maintaining customer satisfaction. This guide provides everything…
We’re Introducing a New Look for TRX Services! AT TRX, our focus is always on our customers. And our approach is always on helping our customers move forward and grow with solutions for the most important part of their business . . . getting paid. Our new logo has a modernized look that reflects our…
Transaction Services and CerTek Software Deliver Integrated Payments in Artisan POS Transaction Services announced today that it was selected by CerTek Software to provide integrated payments for their leading retail solution – Artisan POS. With this new partnership, retail store owners and many other businesses will now have access to the highly efficient TRX payments…
Transaction Services Launches Auto Industry Partnership with Dominion DMS Transaction Services and Dominion DMS announced today a new partnership to deliver TRX payments integrated directly into the VUE by Dominion DMS cloud-based platform. With this new partnership, dealers will be able to seamlessly handle customer payments that are automatically posted into their existing management software, which will…
Accepting Credit Cards: 5 Tips on Selecting the Right Processor PartnerIt’s practically a given today that any business that sells something will accept non-cash payments – or more commonly known as accepting credit cards. That also means that they will accept debit cards too. Even though there are still some hold-outs who only accept cash…
Why Surcharge Doesn’t Have to be a Four-Letter WordWith increasing pressures on financial performance, companies continue to look for ways to improve – or even keep steady – their operating margins. And in some sectors, many companies are now embracing surcharges on credit card payments as a way to address those pressures. Or more simply…
Covering the Cost of the Transaction: There are Choices for the Merchant BusinessIn every scenario, there is a cost associated with a transaction. A financial cost, a human resource cost … even the cost of time and allocated bandwidth. And in most transactions of significant financial value, the direct financial cost is often – if…
Visa is updating U.S. credit interchange rates and related modifications that will be effective in April 2022. Please see below for more details. Canada Domestic Interchange Programs Utility Fee Program New Interchange Fee Programs for US Manual Cash Disbursement Transactions Additional Interchange Rates for Commercial Choice Program in the US Region Merchant Segment Interchange Fee…
UPDATE: Visa had provided new guidance that the below changes will now be implemented on July 17, 2020. Click here for more details. Visa is announcing updates to U.S. credit interchange rates and related modifications that will be effective on Central Processing Date (CPD) 18 April 2020 and CPD 17 October 2020. Please see…