How to Export data into my QuickBooks accounting software?
Export data into my QuickBooks accounting software:
There are several options for Export data with QuickBooks.
Export data into my quickbooks
Credit Card Processing Rates and Fees:
Rates:
Credit card processinf mainly depends upon some factors such as, your personal and business risk, percentage of card-absent sales, average dollar amount per sale, total dollar amount of monthly sales. Lowering your transaction risk will also lower the rate you pay.
Types of credit card processing Rates-
Qualified rate: It is the percentage rate that's charged whenever you accept and process a regular card using an approved processing solution.lowest rate you can receive.
Mid-qualified rate:It is the percentage rate that's charged if you accept and process a card that doesn’t qualify for the lowest rate.
Non-qualified rate is the percentage rate that's charged whenever you accept and process a card that doesn’t qualify for either qualified or mid-qualified rates.
Batching means settling the charges to your terminal by sending the completed transactions for the day to the acquiring bank for payment.
Fees:
The interchange fee is a percentage of the transaction and helps to cover authorization costs, fraud, and credit losses.
Most merchant service providers include the interchange fee in their bundled rate, which makes it more difficult to identify specific rates.
Ask your provider if you can pay the interchange fee as it is incurred. This will prevent you from paying more than you need to and help you keep better track of your transaction costs.
A chargeback occurs when the cardholder disputes a transaction and it's returned to the acquiring bank.
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