Point of Sale Resource for Businesses in Alaska

Understanding Daily Discounting

May 27, 2020 1:22:20 PM / by Lynn Skurla Perkins posted in Accepting Credit Card Payments, Credit Cards, daily discounting

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One of our processing partners, Clearent, offers insights to the differences between the Daily Discount and the Monthly discount for credit card fees and why it might be useful during this economy:

The Power of Daily Discount

Credit card processors typically offer two billing options, Daily Discount and Monthly Discount. The difference between the two is the timing of when the fees are deducted from the merchant’s account.

The impact of COVID-19 on our economy has led many small business owners and consumers to take a closer look at their expenses and work harder to stick to a budget.

And,.as COVID-19 continues to impact our economy, Daily Discounting can be used as a helpful budgeting tool.

Daily Discount is when fees are deducted from the merchant’s daily sales volume – a little bit at a time. With Monthly Discount, the merchant receives the gross deposit from their sales and their credit card processor deducts all fees at once.

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Warning - You May Not Be Able to Accept Credit Cards Next Month!

May 24, 2018 8:03:24 AM / by Lynn Skurla Perkins posted in Accepting Credit Card Payments, Credit Cards, TLS

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In reference to last month's article about the TLS issue, we just want to remind everyone again that if you have not updated your point of sale system, most likely your integrated credit cards* will stop working in June.  While the official deadline is June 30th, many gateways are proactively switching over before then.

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The Importance of Checking Your Credit Card Batches

Jul 23, 2017 11:42:02 AM / by Lynn Skurla Perkins posted in Accepting Credit Card Payments, Integrated Payment Solutions, Credit Card Batches

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In some businesses, credit sales account for over 80% of their daily sales.  If this is your business, you are depositing very little cash every day.  And while most of us count for and reconcile the cash, are you reconciling your daily credit card deposit to the credit card batches that actually go into the bank?  It seems easy and automatic, but here are a few tips and tricks we have learned over the last couple of decades installing integrated credit card systems.

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Merchants Must Use Qualified Integrators/Reseller (QIR) Professionals

May 2, 2016 9:46:54 AM / by Lynn Skurla Perkins posted in EMV, Skurla's is QIR Certified, QIR, QIR Certification, Accepting Credit Card Payments

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With all the talk about EMV, PCI  and Security requirements have taken a back seat when talking about accepting credit cards at a business.

Did you know that any merchant installing a PA-DSS (payment application should be using a company that is a PCI-certified QIR professional?   The Payment Application Data Security Standard (PA-DSS) is the global security standard created by the Payment Card Industry Security Standards Council (PCI SSC). 

 An acquirer will not be allowed to board a merchant as of March 31st 2016 if they are not installed by a QIR.  (An acquiring bank, or acquirer, is a bank or financial institution that processes credit or debit card payments on behalf of a merchant.)

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