As the new year is underway, there’s reason to be bullish (or, at least, not bearish) about what 2024 may have in store. Holiday retail sales increased 3.1% despite lingering inflation, thanks to robust job growth and strong wage gains, which came as a big relief for retailers. Price-conscious consumers are still spending, suggesting the economy is strong. “What we’re seeing this holiday season is very consistent with how we’re thinking about the economy, which is that it...
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How to let customers know that your store will call them to receive payment for their order.
January 17, 2023
Some Bridge merchants do not accept credit cards online. The merchant calls the customer (after they placed the order) to collect the customer's credit card information. For merchants that do not accept cards online, your Bridge has an updated feature that makes it easier for customers to expect a call from the store. A customer will now see a banner with a green telephone icon on the final checkout page. The banner displays this message:
Visa and Mastercard are most likely raising their fees on your business, shares the Wall St. Journal. The amount of fees collected from credit cards has doubled since 2012. In the article, one retailer shares that it paid almost $400,000 in credit card fees.
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Today's Times reminds us that stores can charge an extra processing fee when customers use a credit card. Previously, your store's signed Visa/MasterCard/American Express merchant agreement and state law prevented you. Now you're in the clear on both accounts to exercises your right to charge what you'd like.
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