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Visa Inc. & Mastercard Inc. Are Preparing to Increase Fees for Businesses
Visa Inc. and Mastercard Inc. are preparing to increase the fees for businesses accepting consumers’ credit cards.
service that masks card numbers. Typically a card using a chip will price lower than a key-in entry, and accepting pin debit will get the lowest The fee increases, delayed rate in this program during the past two years because of the pandemic, At Avalon Mail Center, we are scheduled to kick-in this offer a Pro Bono service to year. MasterCard has inves- local businesses in financial ted $250 million to help small services. Our analyst believe businesses (merchants) sur- we can save small businesvive and thrive, and that they ses between $200 - $300 each are reducing costs for certain month on operating cost, smaller merchant categories so that will be ~$2400 in sathat were hit hard by the pan- vings in a year. To qualify for demic. the Pro Bono Program, local business owners can apply So to avoid the higher fees, online MERCHANT SERVIsmall businesses have to be CES at avalonmailcenter.com correctly categorized and or stop by to pick up an apalso provide certain transac- plication. Our analyst have tion data and use its token been setting up credit card
systems the last 19 years and continue the work to teach business students on how to analyze financial statements. You will need to bring along two recent merchant statements or General Ledger for our analyst to review your business and calculate your savings. One way to increase your revenue, is to reduce your cost of doing business, we hope we can help. Avalon Mail Center is owned and operated for reasons that go beyond pure monetary returns; it is an Angel Investment, managed with an community-centric philosophy. Come visit us at 3564 Avalon Park E Blvd, Ste 1, opposite Publix.
