Interchange Rates are Changing: Now is the Time to Consider a Convenience Fee Solution

As a function of Visa’s forthcoming changes, card-not-present interchange rates will be increased, meaning that transactions made online or over the phone will incur greater fees. For those in the Accounts Receivable Management (ARM) sector who take payments online or over the phone, these upcoming fee increases mean now is the best time to implement a convenience fee model, in order to avoid increased costs to your business. As the only fully-compliant solution in the ARM industry, Payscout’s convenience fee model can help businesses offset these fees while ensuring full compliance. To learn more about how to better prepare your business to take advantage of these upcoming changes, contact

Debit and Credit cards

July 2020 Interchange Updates (Previously April 2020)

Visa has recently announced upcoming changes to their U.S. interchange rates, aimed at better reflecting the value and usage of its products. These changes were previously scheduled for April 2020, but have since been modified to come into effect in July 2020 as a result of the COVID-19 pandemic.

Interchange fees are the fees that are charged whenever a debit or credit card transaction is made, and typics made, wo components: a percentage fee based on the transaction volume (e.g. 1.65%), as well as a flat fee per transaction (e.g. $0.30). These rates vary depending on multiple factors such as the payment method, transaction amount, and business sector. 

Below are the upcoming changes that will come into effect in July 2020.

Downgrade Interchange

Electronic downgrade interchange rates for transactions that fail to qualify for Custom Payment Service (CPS) rates will be eliminated. CPS is a Visa program with requirements for credit and debit transactions, which if met, can result in interchange rates being lowered to the best available rates in the system. 

Currently, transactions which do not qualify for CPS rates are downgraded to Electronic or Standard interchange rates. Under the new changes, the interchange name for downgrade transactions will be renamed to “Non-Qualified”. The interchange rate for Non-Qualified transactions will be increased to 3.15% + $0.10 for consumer credit transactions and 3.15% + $0.20 for small business credit transactions.

Consumer Credit Merchant Segment Incentive Interchange

The Business-to-Business interchange rate on Small Business products will be eliminated as of July 2020. Several other changes will be implemented in October 2020 (to be confirmed), which are detailed later on in this article.

Supermarket Credit

A new Performance Threshold (“Supermarket Performance Threshold 0”) will be added to the top of the existing tiered Supermarket Credit criteria. This new threshold will have a transaction minimum of 350 million transactions, and a volume minimum of $17.5 billion. Additionally, the Supermarket Credit performance thresholds will be extended to Visa Signature and Signature Preferred transactions, and the existing performance threshold interchange rates will be modified. 

Commercial Level 2 Fuel Interchange

Commercial Level 2 Fuel Interchange rates will be increased from 2.05% + $0.10 to 2.20% + $0.10. This interchange rate will apply to all purchasing and corporate cards, and the following Merchant Category Codes (MCC’s): 

  • 4468 (Marinas, Marine Service and Supplies)
  • 5499 (Miscellaneous Food Stores- Convenience Stores and Specialty Markets)
  • 5541 (Service Stations (with or without Ancillary Services)
  • 5542 (Automated Fuel Dispensers)
  • 5983 (Fuel Dealers- Fuel Oil, Wood, Coal and Liquefied Petroleum)

Small Business Tier 5 Spend Qualification

A new spend qualification tier (“Tier 5”) for Small Business Products will be introduced. The new Tier 5 interchange rates will require an annual spending of $250,000 or greater. 

Small Business Interchange

Interchange rates and category names from the Small Business Platform will be modified. The interchange category for Travel Service MCCs will be renamed from Business Electronic to “Business Travel”. Additionally, card-not-present programs will be renamed as “Product 1”, and card present programs will be renamed as “Product 2”. For example, the Business Card-Not-Present program will be renamed as Business Product 1, and Business Retail will be renamed as Business Product 2.

October 2020 Interchange Changes

Furthermore, Visa has an additional series of upcoming changes coming into effect on 17 October 2020. Below are the key changes that will be taking place. 

Consumer Credit Merchant Segment Incentive 

Effective 17 October 2020, the Retail 2 Program will be eliminated, and new interchange rates for Insurance, Services, Education, Healthcare, Real Estate, and Advertising will be introduced. In addition, the Services interchange rates will feature a minimum ticket size qualification, meaning that the incentive interchange rate is only available for transactions of $100 or greater. The ticket size qualification for Education, Healthcare, and Real Estate transactions will be for transactions of $500 or greater

The new ticket size qualifications that are being introduced are designed to benefit higher ticket transactions from these sectors. As a provider specialized in the Education, Healthcare, and Retail sectors, Payscout can help you take advantage of these upcoming interchange rate changes. 

Consumer CNP Interchange

The interchange rate name for CPS-qualified card-not-present transactions will also be modified to “Product 1”. Additionally, card-not-present interchange rates will be increased, meaning that transactions made online or over the phone will incur greater fees. 

For those in the Accounts Receivable Management (ARM) sector who take payments online or over the phone, these upcoming fee increases mean that now is the best time to implement a convenience fee model, in order to avoid increased costs to your business. As the only fully-compliant solution in the ARM industry, Payscout’s convenience fee model can help businesses offset these fees while ensuring full compliance.

To learn more about how to better prepare your business to take advantage of these upcoming changes, contact

October 2019 Operating Regulation Changes

In October 2019, a series of operating regulatory changes from Discover® , Visa®, and Mastercard® will be made. This article describes the upcoming changes and when these changes will come into effect.


UnionPay IIN Range:
Effective October 18 2019, a new IIN range for UnionPay issuance will be available. The IIN (Issuer Identification Number) refers to the first eight digits of the card number, and is used to identify the type of card used. The new IIN range for the UnionPay network is 62292600 – 62379699.

Chargeback Disputes:
Effective October 18 2019, Discover will make changes to two Chargeback dispute time frames:


  • The time frame to initiate a Representment request will be reduced from 45 to 30 days after the Chargeback Dispute notice date. 
  • The time frame to initiate an Arbitration request will be reduced from 30 to 10 days from the Pre-Arbitration Inquiry decision notice date.

These changes will come into effect for disputes with an initial dispute notice issue date on or after October 18, 2019. For a more detailed explanation of the chargeback dispute process, see the infographic below.



Private Label Pricing: 
Effective October 18 2019, changes to the Private Label Specialized Fee Program will be made. Internal transfer pricing for Private Label Specialized product purchase and credit voucher transactions will be lowered from 25.0% to 10.0%. 

Estimated, Initial, and Incremental Authorization Processing: 
Effective October 18 2019, 3 new merchant types will be eligible to send estimated, initial, and incremental authorizations when the final amount is unknown by the merchant. The 3 new merchant types are: 

  • Grocery stores and supermarkets- CNP only (5411);
  •  Electric vehicle charging (5552); and
  • Parking logs, parking meters, and garages (7523). 

Estimated/initial authorizations are used when the merchant does not know the final amount of a transaction (e.g. when checking into a hotel). Incremental authorizations are used when the estimate/initial authorization amount is insufficient or needs to be revised. 

Credit Voucher and Merchandise Return Authorization Messages: 
Under Visa’s updated acceptance rules, businesses are allowed to send authorization messages on credit voucher and merchandise return transactions, and effective October 19 2019, all merchants in the USA, Canada or Latin America will be required to send authorization messages on credit voucher and purchase returns. These authorization messages will be represented in the Processing Code Field by a value of 20.  

The authorization messages will enable the card issuer to validate the cardholder account and decline potentially fraudulent cards. It will also improve the cardholder experience by enabling cardholders to view the credit or return on their online banking statement right away, minimizing return inquiries. 


Safety Net Acquirer Fee: 
Effective October 18 2019, a new rate for the Safety Net Acquirer Fee will be implemented. Safety Net is a service mandated by Mastercard which identifies fraud and notifies acquirers so that they can work with merchants to take action to mitigate the fraud and prevent further fraudulent activity. The new fee rate for this service is $0.0007 and will be billed per authorization.

Interchange Compliance Downgrade Program Fee:
Effective October 18 2019, a new rate for the Mastercard Interchange Compliance Downgrade program will be implemented. A new Interchange Compliance Downgrade Fee of $0.15 will be charged per downgraded transaction, with the goal of promoting more accurate interchange qualification behavior.

U.S. Assurance Framework:
Effective October 18, 2019, a new U.S. Assurance Framework to increase cardholder security will be implemented, part of which includes an increase in UCAF (Universal Cardholder Authentication Field) rates (see table below). 

UCAF Interchange Program Existing Rate (Merchant/Full) New Rate
Core Credit (Merchant/Full) 1.68% + $0.10 1.89% + $0.10
1.78% + $0.10
Enhanced (Merchant/Full) 1.83% + $0.10 2.04% + $0.10
1.93% + $0.10
World (Merchant/Full) 1.87% + $0.10 2.05% + $0.10
1.97% + $0.10
World High Value (Merchant/Full)
World Elite (Merchant/Full) 
2.30% + $0.10 2.50% + $0.10
2.40% + $0.10
Unregulated Consumer Debit (Merchant/Full) 1.15% + $0.15 1.65% + $0.15
1.25% + $0.15
Unregulated Consumer Prepaid (Merchant/Full) 1.15% + $0.15 1.76% + $0.20
1.25% + $0.15

Additionally, as part of the framework, a new compliance program called Excessive Fraud Merchant (EFM) will be implemented to help measure compliance at the merchant level. Merchants in the U.S. who meet all of the following conditions will be identified for the program: 

  • Minimum of 1,000 Mastercard e-commerce transactions 
  • Monthly net fraud greater than $50,000 USD
  • Monthly net fraud greater than 50 basis points 
  • Mastercard 3DS payment percent less than 10% of total Mastercard payment. 

Refunds/ Return Transaction Rates: 
Effective October 18, 2019, the Consumer Interregional Purchase Return/Refund rate will be set at 1.00%, and the Commercial Interregional Purchase return/Refund rate will be set at 1.80%. 

The infographic below provides a summary of the upcoming regulatory changes mentioned in this article.


Visa Rules on Convenience Fees

In the payments ecosystem, Convenience Fee models are rising in popularity, but many merchants and agencies are unaware that the card-brands have issued explicit rules on how these fees may be applied.

If you are currently deploying a Convenience Fee-based payment model, you should take care to review these card-brand rules.

    1. Charged for a bona fide convenience in the form of an alternative payment channel outside the Merchant’s customary payment channels and not charged solely for the acceptance of a Card
    2. Added only to a Transaction completed in a Card-Absent Environment
    3. Not charged if the Merchant operates exclusively in a Card-Absent Environment
    4. Charged only by the Merchant that provides goods or services to the Cardholder
    5. Applicable to all forms of payment accepted in the payment channel
    6. Disclosed clearly to the Cardholder
      – As a charge for the alternative payment channel convenience
      – Before the completion of the Transaction. The Cardholder must be given the opportunity to cancel.
    7. A flat or fixed amount, regardless of the value of the payment due 
    8. Included as part of the total amount of the Transaction and not collected separately
    9. Not charged in addition to a surcharge
    10. Not charged on a Recurring Transaction or an Installment Transaction.

The eighth rule in this list is where serious risks of non-compliance frequently arise. According to Visa’s rules, Convenience Fees have to appear (and be processed and authorized) as a single transaction by the merchant of record. Solutions which process convenience fees as two separate transactions are therefore non-compliant, and can compromise your merchant account.

If you’re currently deploying or considering a convenience fee model, be sure to ask your payment provider whether they process convenience fees as a single transaction or a separate transaction. If the convenience fee solution involves running the convenience fee as a separate transaction, you may be at risk of losing your merchant processing account and compromising your ability to accept payments altogether.

Many popular solutions are not fully compliant with card brand rules, which is why it is crucial to have a thorough understanding of these requirements to ensure that your provider’s solution is compliant. Fully compliant programs do exist that can minimize your business risk while reducing your payment acceptance costs.

Click here or call 888-211-4470 to learn more.

Card Brand Updates for April 2019

stack-of-credit-cards-for-card-brand-update-blog-postIn April 2019, a series of updates are being implemented by the card brands. Some of these changes will affect pricing in certain categories and regions.

What follows is a summary of the fee changes, category modifications, and pricing adjustments that will result from these changes.

 Visa International Service Assessment Fee Changes

On April 12, 2019, Visa will be increasing the International Service Assessment Fee rates, which are assessed on transactions from merchants located in the U.S. when the card was issued in another country. The Fee Rate Levels below are determined by the settlement currency; the Base fee rate applies to transactions settled in U.S. dollars and the Enhanced fee rate applies to transactions settled in a currency other than U.S. dollars.

Visa Network Acquiring Processing Fee – Changes to International Fees

On April 1, 2019, Visa will be increasing fee rates for International Credit and International Debit and Prepaid transactions.

The Network Acquiring Processing fee is applied to all authorizations, both approvals and declines. Previously, domestic and international credit transactions were assessed the same fee rate. The same was true of the fee rates for debit and prepaid transactions (domestic and international transactions were assessed the same fee). The rate for U.S. domestic transactions will not be changing.

Mastercard Interchange Rate Adjustments for Existing Consumer Interchange Programs

Effective April 12, 2019, Mastercard will be adjusting the fee rates for the existing interchange fee programs categorized below:

Mastercard Commercial Interchange Rate Adjustments and Structure Changes

On April 12, 2019, Mastercard will be changing their U.S. Commercial Interchange structure and renaming some existing interchange programs as part of the consolidation of commercial interchange programs.

The fee rates for the existing interchange fee program categories are:

The fee rates for the new Mastercard Interchange Programs are:

Discover Interchange Fee Rate Adjustments

Effective April 12, 2019, Discover will be modifying interchange fee rates for some interchange program categories. With these changes, transactions in the impacted categories may qualify at the new fee rate amounts.

American Express Industry Category Rate Changes

On April 12, 2019, American Express will adjust existing pricing in the B2B/Wholesale, Restaurant, and Services & Professional Services Industry Categories.

Here are the pricing changes by industry category:

The Same Point-of-Sale Malware File has been Linked to Multiple Data Breaches in North America

Credit-card-and-POS-and-malware image for Visa PwnPOS post

Visa’s Payment Fraud Disruption (PFD) team recently determined that seven point-of-sale breaches reported since March 2018 in North America were linked to the exact same malware file hash, now known as the “PwnPOS” File.

PwnPOS is a point-of-sale (POS) malware file that was first identified back in 2015, but there are indications it may have been active as early as 2013.

From 2016 to 2017, there were only a few reported instances of PwnPOS infections, but that number increased significantly in 2018. Visa’s PFD team discovered that each of the malware files recovered from the 2018 breaches were the same across all instances, which means the PwnPOS malware family is easily identifiable.

 How it Works

There are three main attributes of the PwnPOS malware:

1)  A component that adds or removes itself from a list of system services

2)  This component enables the malware to avoid detection and persist on a targeted machine

3)  The malware installs a RAM scraper that monitors for keyboard inputs containing a string of numbers

Once those keyboard inputs are scraped, the malware checks the string of numbers against the Luhn algorithm (a formula used to validate identification numbers) to determine if it is a credit card number. If the numbers pass the check, the malware extracts the compromised data.

Mitigation Measures

To identify the presence of the PwnPOS malware, Payscout recommends scanning your networks for the following indicators of compromise:

Visa PwnPOS Malware Alert - Indicators of Compromise

The indicators above correspond to the RAM scraper component of the PwnPOS malware. The seven cases Visa’s PFD team identified in 2018 had additional PwnPOS file attributes, but the RAM scraper component was consistently present in all instances, making it the most reliable indicator of compromise available.

Best Practices

Visa recommends the following best practices to reduce the risk of exposure:

  • Secure remote access with strong passwords, ensure only the necessary individuals have permission for remote access, and disable remote access when not in use.
  • Enable EMV on all point-of-sale devices.
  • Provide each Admin user with their own user credentials. User accounts should also only be provided with the permissions vital to job responsibilities.
  • Turn on heuristics (behavioral analysis) on anti-malware to search for suspicious behavior, and update anti-malware applications.
  • Monitor network traffic for suspicious connections, and log system and network events.
  • Implement Network Segmentation, where possible, to prevent the spread of malicious software and limit an attacker’s foothold.
  • Maintain a patch management program and update all software and hardware firmware to most current release to limit the attack surface for zero-day vulnerabilities.

How to Thrive as a Farmer’s Market Vendor

How to thrive as a vendor at a farmer's market

Operating a booth at a farmer’s market is an excellent way to flex your entrepreneurial muscles. With the right planning, you can create a business that flourishes and produces a healthy income. There are definitely a few things to consider before you take the leap, as maintaining a booth is a huge commitment that can involve several months of your time. Do your research, prepare in advance, and keep things speedy with mobile payment processing and you’ll blossom at the market.

Visit the market

Deciding to operate a booth at the farmer’s market seems like an excellent idea, especially if you enjoy people. However, it is a great deal of work, so you’ll want to do research before you commit to an entire season. An investigative visit to the market will help you grasp what you’re getting into. Rather than going to the market as a shopper, go and observe as a potential vendor and ask yourself:

  • Are there any competing products? Or will your product(s) be the only one of its kind?
  • How is the pricing?
  • What is the vibe of the market?
  • How elaborate are the displays? Will your booth require a great deal of design or display materials?
  • Does it stay busy all day?
  • How happy are the other vendors with the market?

Offer something different

In order to be profitable as a farmer’s market vendor, you’ll want to offer at least some items that can’t be found from other vendors. When it comes to food and crafts, Farmer’s Market shoppers are looking for unique items and ingredients and superior quality.

If there is an overlap in products, be sure to evaluate the price of similar items, so you don’t underprice and annoy other vendors. For example, if you and Susie’s Farms both sell banana bread and she lists her loaves for five dollars, you don’t want to sell yours for three dollars and price her out of the market. Instead, list yours at the same price as hers.

Lure shoppers in with exciting visuals

Spend the time on details that make your booth stand-out. Creative and eye-catching signs, varying display heights, colorful tablecloths and accents, really anything that draws the attention of shoppers is fair game. Just keep in mind that you’ll have to set-up and tear down all of the décor every weekend.

Label it

Not having clearly priced items might be the quickest way to lose a sale. The majority of people will not inquire about the price of an item, this is especially true if you are busy interacting with another customer. Labeling the price of your items in a clear way is a must.

Speedy checkout

Long lines make customers walk away—so maintaining a steady flow in your booth and keeping lines short is imperative. The ability to accept payment via your smartphone or tablet will not only expand your customer base, but it will also keep your lines short. Choose mobile payment processing that allows you to accept credit and debit cards quickly.

About Payscout

Payscout is a global payment processing provider covering six continents and connecting merchants and consumers via credit, debit, ATM, and alternative payment networks.  Payscout supports nonprofit business and organizations with nonprofit payment processing, offering services such as mobile payment processing that aids your business in achieving quick, easy payment.  At Payscout, the mission is to support the entrepreneurial dream one transaction at a time.  From keeping utilities on track with utility payment processing to omnichannel processing, Payscout will help your business thrive.

Discover how to mobilize your business at

This Holiday, Don’t Let “The Grinch” Steal Your Data.

The Holiday Season represents a tremendous opportunity for merchants looking to capitalize on ecommerce sales. With the increasing threat of cyber attacks and data security breaches, it also presents a unique set of challenges for business owners looking to capitalize on the seasonal uptick in online shopping.

The 2016 holiday shopping season is going to keep a lot of data security professionals busy.

ThreatMetrix, a digital identity company, recently released a 2016 cybercrime report in which they predicted a sharp increase in cyber attacks targeting key retailers during the 2016 holiday season; with a potential 50 million cybercrime attacks during the peak shopping week.

In addition to the substantial volume of predicted attacks, the complexity of these cybercrimes continues to evolve.

“Attacks have evolved from being one-dimensional with a singular purpose to being a Frankenstein’s monster of attack vectors, using bots, social engineering and remote access stealth in various combinations,” says Vanita Pandey, vice president of strategy and product marketing at ThreatMetrix. “Fraud prevention is no longer simply about timely detection but about getting under the skin of evolving attack patterns to better thwart the rise of cybercrime.”

The increasing complexity of these attacks – and the preventative measures that ward against them – come at a time when most retailers and etailers are overestimating the efficacy of their endpoint security.

In a recent Tripwire study conducted by Dimensional Research, retail IT professionals were found to be overconfident in their ability to efficiently identify and mitigate a cyber attack. Seventy-one percent believed they could detect configuration changes to endpoint devices on their organizations’ networks within hours, but only fifty-one percent knew exactly how long the process takes.

The combination of increasingly complex cyber crime attacks, and overconfidence in endpoint security, means the solution providers who can deliver on the promise of increased fraud protection will help their clients move confidently through another busy holiday season for ecommerce shopping

Consumers ready to buy, but also worry.

Reports from another recent payments study suggests online shopping will continue to surge this holiday season, but this promise also comes with increasing consumer concerns about the security of cardholder data.

76 percent of 1,900 consumer respondents in the United States and UK, plan to shop online this holiday season. Many are planning to spend as much or more than they’ve spent online in the past: 55 percent of respondents said they’ll spend the same amount and 19 percent are planning to spend more.

Despite this optimistic outlook, consumers are increasingly reticent about security.

When asked if they’re concerned about security when disclosing their credit card and bank information online, 74 percent of these same respondents agreed – and 45 percent strongly agreed.

Consumer concerns are amplified when considering shopping at retailers that have recently experienced a data breach. More than half of respondents, 57 percent in total, said they would not shop with retailers who had experienced a breach. Almost a third, 31 percent, said they strongly agree that they would avoid that retailer.

So, what does all of this mean for online entrepreneurs? It means this holiday season is shaping up as a tremendous opportunity – but one data breach could not only compromise the security of a customer-base, it could undermine the merchant’s ability to maximize the pending holiday shopping surge

Payscout is here to help.

Fortunately, for both payment solution providers and the merchants they serve, Payscout can help.

With a leading global team of managed risk analysts and fraud-management experts, Payscout is poised to protect retail and ecommerce businesses with automated fraud screening and manual review to ensure the business – and its customers – remain secure.

Click here to learn more about Payscout’s fraud management tools.

Moreover, just in time for the holiday season, Payscout recently announced a partnership with Protocol, a recognized thought leader in data security standards for Payment Card Industry (PCI) Compliance. Payscout and Protocol will work together to build a strong data security foundation built on best practices, but also customized on how each merchant client handles and processes cardholder data.

There is a lot on the line for business owners this holiday season – and all year long. Entrepreneurs should focus on doing what they do best: providing the goods and services that help earn their customers’ loyalty.

When it comes to data and security, leave it to a global payment processing partner with Integrity/Trust and Reliability built into the very foundation of its business.

This holiday, Payscout is here for online entrepreneurs and their payment services providers, to make the most of a promising shopping season.

The Top Five Reasons Small Businesses Should Accept Credit and Debit Card Payments

One of many things you need to consider as a small business owner is which payment options to offer your customers. Paying via a credit or debit card has quickly become the most popular method of payment around the globe. Despite this fact, many small business owners refuse to accept credit cards, because they think there are costly fees that will only drain their potential profits.

This is a common misconception that could be costing you sales and hurting your bottom line more than any fee ever could. Apart from opening new sales avenues for your businesses, here are the top five reasons that you as a small business should consider accepting credit cards.

  1. Credit cards encourage buying: Shoppers feel in control when they use credit and debit cards. Some studies even indicate that customers spend more when they’re paying with plastic instead of cash, most likely due to the credit line their card provides.
  2. Accepting credit cards can improve cash flow: Credit card transactions are processed and settled quickly, meaning no more waiting for checks to clear and no more waiting to collect from your customers.
  3. Accepting credit cards eliminates the risk of accepting a bad check: A bounced check can be costly. Not only does it take a chunk out of your profit, it also costs you time trying to track down the customer to collect a payment. With credit cards, transactions are screened as they are processed to reduce the risk of fraud.
  4. Debit and credit cards are convenient for shoppers: Let’s face it, the days where people carried a significant amount of cash around them are over. Customers are carrying plastic and are specifically looking for businesses who will accept their cards. Also, with credit card companies offering cards that earn points, mileage and other rewards, more and more people are opting to pay for products with their credit cards. Keep competitive by accepting credit as well as debit.
  5. Accepting credit cards is relatively inexpensive: Credit and debit card processing is a highly-competitive industry, meaning you’ll likely find a merchant services package that suits your budget. Many business owners discover that the increase in sales generated by credit cards more than covers the costs involved.

In order to start accepting card-based transactions, you first need to open a merchant account with a qualified electronic transaction processer. Payscout can be there to help you every step of the way and answer any questions you might have about how to use credit cards to expand your business. Check out our website for more information or contact one of our customer service specialists at 888-689-6088 today!

Integrate Transaction Data into Your QuickBooks Account!

Are you looking to integrate QuickBooks with your current credit card processing system? If so, consider trying Payscout for QuickBooks! You can experience the convenience of QuickBooks combined with the quality of service you have come to expect out of Payscout.

By linking your credit card and check transaction processing with your QuickBooks accounting program, you can pay invoices, process transactions, generate sales receipts, apply open invoices, and synchronize transaction data without ever leaving your QuickBooks dashboard. Payscout for QuickBooks also offers recurring payment capabilities, and each transaction is encrypted end-to-end by the Payscout Customer Vault. Payscout for QuickBooks is compatible with QuickBooks Pro, QuickBooks Premier and QuickBooks Enterprise.

Why Choose Payscout for QuickBooks?

If you have ever used QuickBooks before, you know that merchants must make double-entries when transactions are completed. Once the transaction is completed in the gateway, the entry has to be manually input into QuickBooks. The Payscout for QuickBooks Syncpay feature eliminates the double-entry problem by allowing merchants to make an accounting entries without ever leaving the QuickBooks interface.

Payscout for QuickBooks benefits at a glance:

  • Works directly within QuickBooks
  • Allows merchants to pay invoices
  • Generates sales receipts
  • Processes batch transactions
  • Generates batch reports
  • Allows multiple payments against open invoices
  • Supports card present transactions
  • Supports end-to-end encryption
  • Compatible with QuickBooks Pro, QuickBooks Premier and QuickBooks Enterprise

If you are new to using QuickBooks, or have questions about Payscout for QuickBooks, visit our website or contact one of our customer service specialists at 888.689.6088 for more information!

Restaurant Merchant Accounts

Restaurant and hospitality oriented entrepreneurs know that having amazing customer service is a defining part of what makes a business successful. To many customers, the ways they can pay for a meal or service makes a huge difference in whether they will return to your establishment. In an age of smartphones, tablet point-of-sale (POS) systems, online banking, and virtual shopping the limitation of only accepting cash or check payments is no longer a sustainable business model.

On top of providing your customers outstanding service and products, you need to provide flexible payment options, or risk losing out on a sale. Patrons utilize credit and debit cards for their purchases at restaurants more than any other kind of establishment. In 2012, a full 81 percent of all full-service restaurants in the U.S. used plastic for those purchases; up 7 percent from 2004. This trend is expected to continue with percentages reaching up to 90% by the year 2016. 92 percent of restaurants accept debit, credit, and pre-paid cards as a form of payment, and that number is also on the rise.

According to a 2014 report from, close to 50 percent of Americans carry $20 or less each day, including nine percent who don’t carry any cash at all. By adding credit and debit card acceptance to your payment options, you will open up a whole new avenue of sales and ensure that you never have to turn away another customer who doesn’t carry cash.

Before you choose a service provider and open a restaurant merchant account, take the following into consideration:

  1. Fees that the provider charges – It is important that the entrepreneur know how they will be charged for each transaction. Some providers will charge hidden fees on top of what is already charged by the credit card associations. Only do business with a provider that has a transparent fee structure.
  2. Account caps – It is important that the account not be capped to ensure that all the payments can be withdrawn.
  3. Customer service – You should be able to reach your provider with questions and concerns quickly and receive quality service, regardless of the size of your business.

For more information about merchant accounts, check out the Payscout website or contact one of our customer service specialists at 888.689.6088 to learn how we can help your restaurant business grow!