Credit cards are an essential part of doing business in America, but how they work can be confusing as both a vendor and a consumer. Jonathan McAlees is with FortisPay, a customer-service-focused payment processor for small- and medium-sized businesses, such as Andrea Sager Law. I brought him on this week to discuss the confusing world of credit card sales and he drops a TON of knowledge info for any entrepreneur.
In this episode, we’ll cover:
- The deceivingly complicated math behind credit card rates and fees
- How rates affect which credit cards get accepted where
- The security improvements credit card chips carry over magnetic strips
- What’s a chargeback and what’s going on behind the scenes
- What you should consider when increasing your own prices
What was your big takeaway this week? Take a screenshot of this episode, add it to your Instagram Stories, tag @AndreaSagerLaw and @JonathanMcalees and let us know! Plus, follow our brand new IG, @legalpreneur!
Are you ready to establish your LLC? Email me at andrea@andreasager.com before the end of January, mention this podcast, and I will set you up with a special offer to establish your LLC!
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Disclaimer:
The Legalpreneur Podcast is advertising/marketing material. It is not legal advice. Please consult with your attorney on these topics. Copyright Andrea Sager Law 2020
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