Intelligence
The Scopifi Blog
Not just here for savings? In our blogs, you can find industry news and payment insights to keep you informed as you navigate the world of credit card processing.
Square Rate Change: Does It Hurt Your Business?
Square, a popular Point of Sales provider and merchant processor, announced last week that their standard rates would change from 2.75% to 2.6% + $.10 on November 1. This rate change will have a big impact on over 2 million merchants nationwide that use Square...
Introducing Scopifi
For 8 years, the team at VeriProcess has been dedicated to reducing our customers’ costs in the complex world of merchant processing. Our mission from the beginning has been to provide the highest level of customer service, free up capital for our customers...
Acquisitions in the Merchant Processing Industry
Earlier this year, FIS announced the acquisition of merchant processor Vantiv-Worldpay. This comes on the heels of Fiserv’s acquisition of First Data, another merchant processor. The acquisition of these two processing giants has been big news in the payments space....
Navigating the Murky Waters of Credit Card Processing
Merchant credit card statements are not known for being especially easy to understand. It is oftentimes a difficult and, in some cases, even impossible task for a merchant to determine where their non-negotiable processing costs end and where the processor’s markup...
Are You on the Right Processing Fee Structure?
When it comes to merchant processing, there is no uniform method of charging fees to merchants. Fee structures can vary from processor to processor and even from account to account. The differences between these fee structures can mean a lack of transparency and a...
Why Am I Being Charged Twice? Mandatory vs. Processor Fees
If you’ve looked at one of your merchant processing statements lately, you’ve probably noticed that you’re paying twice for each transaction you process. This won’t be the case if you’re on flat or bundled pricing. But if you’re on interchange-plus pricing, you’ve...