Making banking money cheaper
This has many advantages and makes collecting your money much easier. It also makes banking money cheaper [cashback option] and gives the merchant flexibility on receiving payments.
However, understanding how Acquiring Banks [Processing banks] set their related charges for Merchant services can be a nightmare for most business people as the terminology is like a different language. PCI Non Compliance, PCI fees, Authorisation charges, minimum monthly fees, statement fees, MOTO premium fees and charge back fees are all part of the lingo created by the acquiring banks to make you utterly confused and frustrated.