These days, financial transactions tend to have a lot of moving parts. One of the key elements that some merchants forget about is the merchant category code (MCC). Despite being a relatively obscure concept, MCCs are essential to processing transactions and facilitating a smoother payment experience. Want to know more about the world of merchant category codes? Read on to…
According to Ipsos Consulting, 31% of small businesses charged a credit card fee to their customers in 2022. This was a notable increase from previous years, fueled by a behavioral shift among consumers who started increasingly relying on card payments over cash. Another factor behind charging credit card fees was the inflation eating into businesses’ profit margins. If you’re looking…