Credit card processing fees are an inescapable part of doing business. And though it’s well known that American-based businesses pay more in swipe fees than their European counterparts—what most people probably don’t realize is that even some states have higher swipe fees than others.

On February 11, New York became the latest state to institute guidelines and regulations regarding surcharging programs which pass the cost of credit card acceptance to consumers.

What every medical and dental practice manager needs to know

Any business that accepts credit cards needs to take precautions to protect their customers’ personal data, but that is even more important for medical and dental practices which store precious health information. Healthcare is by far the largest sector targeted by cyberthieves; according to IBM’s cost of a data breach report, the average total cost of a breach in the healthcare industry was $10.1 million in 2022.

Are You Being Overcharged?

If you have that sinking feeling that you are paying more for merchant services than you should be, you are not alone. More than 72% of businesses are being overcharged. And if you are familiar with the statements provided by processors, you might have a guess as to how they are getting away with this unfair practice.

Forget about swiping, the new standard is the tap

Have you tried to swipe your credit card only to get an error message asking you to insert or tap your card instead? This now common occurrence began in 2021 when Mastercard announced that it would be phasing out the magnetic stripe format on credit and debit cards it issues over the next decade to provide better security and fraud prevention.