In the news

Industry news that affects merchants, summarized in a few lines, and articles from our team.

September 12, 2022. Source: CNBC
Card networks plan a merchant category code for firearm retailers (opens CNBC)
CNBC reported that Visa, Mastercard and American Express planned to adopt a new merchant category code for stores that sell firearms. A merchant category code tells the card networks what kind of business made a sale. This is a 2022 report, and card network policies have changed since.
Read the full story on CNBC
September 10, 2022. Source: TurnKey Payments
Which card processing pricing option costs a small business the least?
Interchange-plus, flat rate, tiered and cash discount pricing each suit different businesses. The cheapest choice depends on your card mix, average sale and monthly volume. Our pricing guide walks through each structure in plain English.
Read the guide

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