For a retailer trying to get authorization capture timing custom orders right, the first rule is not to confuse an approved card authorization with an eight- or ten-week reservation of the customer’s money. A card authorization is temporary. When a made-to-order sectional will not be ready for months, the cleaner...
Large Ticket Interchange for Furniture Stores: Cutting Processing Costs on $3,000+ Sales
For a large ticket interchange furniture store strategy to work, the transaction amount is only the beginning. A $3,000, $8,000, or $15,000 furniture sale does not automatically receive a special interchange rate simply because the ticket is large. The network, card product, merchant category, acceptance channel, transaction data, authorization and...