The document discusses key aspects of pricing strategies and revenue management for services. It covers the objectives of service pricing, the pricing tripod approach using cost-based, value-based and competition-based pricing, and how revenue management aims to maximize revenue by setting prices according to customer demand segments. Ethical concerns in pricing are also addressed, such as ensuring fair and transparent pricing schedules and communications.
This document is the IRS Form W-9, which requests a taxpayer's identification number and certification. It is used by persons making certain payments to verify a payee's name, taxpayer identification number, and status to avoid backup withholding. The form provides instructions on completing the form, definitions of key terms like U.S. person, and explains backup withholding requirements.
* Satisfaction Guaranteed
* Significant SAVINGS for Business Owners in Processing Fees
* Interchange Plus Pricing for all Merchants
* Our Clients Receive the SAVINGS from the Durbin Amendment – Unlike other processors that place clients in Tiered Pricing Programs.
* EMV Compatible Terminals Available
* Wide Array of Products Benefiting your Business!
This document is a merchant profile questionnaire completed by a sales agent to gather information about a merchant's payment processing needs. It collects details about the merchant's locations, terminals, gateway/software, auto close times, PIN debit acceptance, check readers, and contact information. The questionnaire ensures the new processor has essential details to properly set up the merchant's accounts for payment processing.
We are an Interchange Plus Pricing Processor saving clients money over Tiered Pricing programs.
Interchange Plus Pricing also allows clients to take advantage of additional savings from the Durbin Amendment, unlike Tiered Pricing Programs.
Transparent monthly statements
No Cancellation Fees, No Annual Renewal Fees, No Long Term Contracts
We sell equipment to clients at our cost. No expensive mark up on equipment.
No made up or manufactured fees
We are dedicated to educating our clients about their credit card processing statements and the industry.
24/7 Customer Service & Technical Support
Next day funding into your bank account*
*Next day funding available if client batches by daily deadlines.
EMV is a credit card security technology that uses microchips in smart cards instead of magnetic strips. It will soon be required for all US merchants. EMV provides increased security by generating unique transaction codes to prevent fraud. Starting in 2015, merchants will be liable for chargebacks if customers use magnetic strip cards instead of chip-enabled cards. All merchants should upgrade their payment terminals to EMV-compatible systems by the liability shift deadline.
The document discusses key aspects of pricing strategies and revenue management for services. It covers the objectives of service pricing, the pricing tripod approach using cost-based, value-based and competition-based pricing, and how revenue management aims to maximize revenue by setting prices according to customer demand segments. Ethical concerns in pricing are also addressed, such as ensuring fair and transparent pricing schedules and communications.
This document is the IRS Form W-9, which requests a taxpayer's identification number and certification. It is used by persons making certain payments to verify a payee's name, taxpayer identification number, and status to avoid backup withholding. The form provides instructions on completing the form, definitions of key terms like U.S. person, and explains backup withholding requirements.
* Satisfaction Guaranteed
* Significant SAVINGS for Business Owners in Processing Fees
* Interchange Plus Pricing for all Merchants
* Our Clients Receive the SAVINGS from the Durbin Amendment – Unlike other processors that place clients in Tiered Pricing Programs.
* EMV Compatible Terminals Available
* Wide Array of Products Benefiting your Business!
This document is a merchant profile questionnaire completed by a sales agent to gather information about a merchant's payment processing needs. It collects details about the merchant's locations, terminals, gateway/software, auto close times, PIN debit acceptance, check readers, and contact information. The questionnaire ensures the new processor has essential details to properly set up the merchant's accounts for payment processing.
We are an Interchange Plus Pricing Processor saving clients money over Tiered Pricing programs.
Interchange Plus Pricing also allows clients to take advantage of additional savings from the Durbin Amendment, unlike Tiered Pricing Programs.
Transparent monthly statements
No Cancellation Fees, No Annual Renewal Fees, No Long Term Contracts
We sell equipment to clients at our cost. No expensive mark up on equipment.
No made up or manufactured fees
We are dedicated to educating our clients about their credit card processing statements and the industry.
24/7 Customer Service & Technical Support
Next day funding into your bank account*
*Next day funding available if client batches by daily deadlines.
EMV is a credit card security technology that uses microchips in smart cards instead of magnetic strips. It will soon be required for all US merchants. EMV provides increased security by generating unique transaction codes to prevent fraud. Starting in 2015, merchants will be liable for chargebacks if customers use magnetic strip cards instead of chip-enabled cards. All merchants should upgrade their payment terminals to EMV-compatible systems by the liability shift deadline.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
2024 State of Marketing Report – by HubspotMarius Sescu
https://www.hubspot.com/state-of-marketing
· Scaling relationships and proving ROI
· Social media is the place for search, sales, and service
· Authentic influencer partnerships fuel brand growth
· The strongest connections happen via call, click, chat, and camera.
· Time saved with AI leads to more creative work
· Seeking: A single source of truth
· TLDR; Get on social, try AI, and align your systems.
· More human marketing, powered by robots
ChatGPT is a revolutionary addition to the world since its introduction in 2022. A big shift in the sector of information gathering and processing happened because of this chatbot. What is the story of ChatGPT? How is the bot responding to prompts and generating contents? Swipe through these slides prepared by Expeed Software, a web development company regarding the development and technical intricacies of ChatGPT!
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
2024 State of Marketing Report – by HubspotMarius Sescu
https://www.hubspot.com/state-of-marketing
· Scaling relationships and proving ROI
· Social media is the place for search, sales, and service
· Authentic influencer partnerships fuel brand growth
· The strongest connections happen via call, click, chat, and camera.
· Time saved with AI leads to more creative work
· Seeking: A single source of truth
· TLDR; Get on social, try AI, and align your systems.
· More human marketing, powered by robots
ChatGPT is a revolutionary addition to the world since its introduction in 2022. A big shift in the sector of information gathering and processing happened because of this chatbot. What is the story of ChatGPT? How is the bot responding to prompts and generating contents? Swipe through these slides prepared by Expeed Software, a web development company regarding the development and technical intricacies of ChatGPT!
Product Design Trends in 2024 | Teenage EngineeringsPixeldarts
The realm of product design is a constantly changing environment where technology and style intersect. Every year introduces fresh challenges and exciting trends that mold the future of this captivating art form. In this piece, we delve into the significant trends set to influence the look and functionality of product design in the year 2024.
How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow
Mental health has been in the news quite a bit lately. Dozens of U.S. states are currently suing Meta for contributing to the youth mental health crisis by inserting addictive features into their products, while the U.S. Surgeon General is touring the nation to bring awareness to the growing epidemic of loneliness and isolation. The country has endured periods of low national morale, such as in the 1970s when high inflation and the energy crisis worsened public sentiment following the Vietnam War. The current mood, however, feels different. Gallup recently reported that national mental health is at an all-time low, with few bright spots to lift spirits.
To better understand how Americans are feeling and their attitudes towards mental health in general, ThinkNow conducted a nationally representative quantitative survey of 1,500 respondents and found some interesting differences among ethnic, age and gender groups.
Technology
For example, 52% agree that technology and social media have a negative impact on mental health, but when broken out by race, 61% of Whites felt technology had a negative effect, and only 48% of Hispanics thought it did.
While technology has helped us keep in touch with friends and family in faraway places, it appears to have degraded our ability to connect in person. Staying connected online is a double-edged sword since the same news feed that brings us pictures of the grandkids and fluffy kittens also feeds us news about the wars in Israel and Ukraine, the dysfunction in Washington, the latest mass shooting and the climate crisis.
Hispanics may have a built-in defense against the isolation technology breeds, owing to their large, multigenerational households, strong social support systems, and tendency to use social media to stay connected with relatives abroad.
Age and Gender
When asked how individuals rate their mental health, men rate it higher than women by 11 percentage points, and Baby Boomers rank it highest at 83%, saying it’s good or excellent vs. 57% of Gen Z saying the same.
Gen Z spends the most amount of time on social media, so the notion that social media negatively affects mental health appears to be correlated. Unfortunately, Gen Z is also the generation that’s least comfortable discussing mental health concerns with healthcare professionals. Only 40% of them state they’re comfortable discussing their issues with a professional compared to 60% of Millennials and 65% of Boomers.
Race Affects Attitudes
As seen in previous research conducted by ThinkNow, Asian Americans lag other groups when it comes to awareness of mental health issues. Twenty-four percent of Asian Americans believe that having a mental health issue is a sign of weakness compared to the 16% average for all groups. Asians are also considerably less likely to be aware of mental health services in their communities (42% vs. 55%) and most likely to seek out information on social media (51% vs. 35%).
AI Trends in Creative Operations 2024 by Artwork Flow.pdfmarketingartwork
Creative operations teams expect increased AI use in 2024. Currently, over half of tasks are not AI-enabled, but this is expected to decrease in the coming year. ChatGPT is the most popular AI tool currently. Business leaders are more actively exploring AI benefits than individual contributors. Most respondents do not believe AI will impact workforce size in 2024. However, some inhibitions still exist around AI accuracy and lack of understanding. Creatives primarily want to use AI to save time on mundane tasks and boost productivity.
Organizational culture includes values, norms, systems, symbols, language, assumptions, beliefs, and habits that influence employee behaviors and how people interpret those behaviors. It is important because culture can help or hinder a company's success. Some key aspects of Netflix's culture that help it achieve results include hiring smartly so every position has stars, focusing on attitude over just aptitude, and having a strict policy against peacocks, whiners, and jerks.
PEPSICO Presentation to CAGNY Conference Feb 2024Neil Kimberley
PepsiCo provided a safe harbor statement noting that any forward-looking statements are based on currently available information and are subject to risks and uncertainties. It also provided information on non-GAAP measures and directing readers to its website for disclosure and reconciliation. The document then discussed PepsiCo's business overview, including that it is a global beverage and convenient food company with iconic brands, $91 billion in net revenue in 2023, and nearly $14 billion in core operating profit. It operates through a divisional structure with a focus on local consumers.
Content Methodology: A Best Practices Report (Webinar)contently
This document provides an overview of content methodology best practices. It defines content methodology as establishing objectives, KPIs, and a culture of continuous learning and iteration. An effective methodology focuses on connecting with audiences, creating optimal content, and optimizing processes. It also discusses why a methodology is needed due to the competitive landscape, proliferation of channels, and opportunities for improvement. Components of an effective methodology include defining objectives and KPIs, audience analysis, identifying opportunities, and evaluating resources. The document concludes with recommendations around creating a content plan, testing and optimizing content over 90 days.
How to Prepare For a Successful Job Search for 2024Albert Qian
The document provides guidance on preparing a job search for 2024. It discusses the state of the job market, focusing on growth in AI and healthcare but also continued layoffs. It recommends figuring out what you want to do by researching interests and skills, then conducting informational interviews. The job search should involve building a personal brand on LinkedIn, actively applying to jobs, tailoring resumes and interviews, maintaining job hunting as a habit, and continuing self-improvement. Once hired, the document advises setting new goals and keeping skills and networking active in case of future opportunities.
A report by thenetworkone and Kurio.
The contributing experts and agencies are (in an alphabetical order): Sylwia Rytel, Social Media Supervisor, 180heartbeats + JUNG v MATT (PL), Sharlene Jenner, Vice President - Director of Engagement Strategy, Abelson Taylor (USA), Alex Casanovas, Digital Director, Atrevia (ES), Dora Beilin, Senior Social Strategist, Barrett Hoffher (USA), Min Seo, Campaign Director, Brand New Agency (KR), Deshé M. Gully, Associate Strategist, Day One Agency (USA), Francesca Trevisan, Strategist, Different (IT), Trevor Crossman, CX and Digital Transformation Director; Olivia Hussey, Strategic Planner; Simi Srinarula, Social Media Manager, The Hallway (AUS), James Hebbert, Managing Director, Hylink (CN / UK), Mundy Álvarez, Planning Director; Pedro Rojas, Social Media Manager; Pancho González, CCO, Inbrax (CH), Oana Oprea, Head of Digital Planning, Jam Session Agency (RO), Amy Bottrill, Social Account Director, Launch (UK), Gaby Arriaga, Founder, Leonardo1452 (MX), Shantesh S Row, Creative Director, Liwa (UAE), Rajesh Mehta, Chief Strategy Officer; Dhruv Gaur, Digital Planning Lead; Leonie Mergulhao, Account Supervisor - Social Media & PR, Medulla (IN), Aurelija Plioplytė, Head of Digital & Social, Not Perfect (LI), Daiana Khaidargaliyeva, Account Manager, Osaka Labs (UK / USA), Stefanie Söhnchen, Vice President Digital, PIABO Communications (DE), Elisabeth Winiartati, Managing Consultant, Head of Global Integrated Communications; Lydia Aprina, Account Manager, Integrated Marketing and Communications; Nita Prabowo, Account Manager, Integrated Marketing and Communications; Okhi, Web Developer, PNTR Group (ID), Kei Obusan, Insights Director; Daffi Ranandi, Insights Manager, Radarr (SG), Gautam Reghunath, Co-founder & CEO, Talented (IN), Donagh Humphreys, Head of Social and Digital Innovation, THINKHOUSE (IRE), Sarah Yim, Strategy Director, Zulu Alpha Kilo (CA).
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
The search marketing landscape is evolving rapidly with new technologies, and professionals, like you, rely on innovative paid search strategies to meet changing demands.
It’s important that you’re ready to implement new strategies in 2024.
Check this out and learn the top trends in paid search advertising that are expected to gain traction, so you can drive higher ROI more efficiently in 2024.
You’ll learn:
- The latest trends in AI and automation, and what this means for an evolving paid search ecosystem.
- New developments in privacy and data regulation.
- Emerging ad formats that are expected to make an impact next year.
Watch Sreekant Lanka from iQuanti and Irina Klein from OneMain Financial as they dive into the future of paid search and explore the trends, strategies, and technologies that will shape the search marketing landscape.
If you’re looking to assess your paid search strategy and design an industry-aligned plan for 2024, then this webinar is for you.
5 Public speaking tips from TED - Visualized summarySpeakerHub
From their humble beginnings in 1984, TED has grown into the world’s most powerful amplifier for speakers and thought-leaders to share their ideas. They have over 2,400 filmed talks (not including the 30,000+ TEDx videos) freely available online, and have hosted over 17,500 events around the world.
With over one billion views in a year, it’s no wonder that so many speakers are looking to TED for ideas on how to share their message more effectively.
The article “5 Public-Speaking Tips TED Gives Its Speakers”, by Carmine Gallo for Forbes, gives speakers five practical ways to connect with their audience, and effectively share their ideas on stage.
Whether you are gearing up to get on a TED stage yourself, or just want to master the skills that so many of their speakers possess, these tips and quotes from Chris Anderson, the TED Talks Curator, will encourage you to make the most impactful impression on your audience.
See the full article and more summaries like this on SpeakerHub here: https://speakerhub.com/blog/5-presentation-tips-ted-gives-its-speakers
See the original article on Forbes here:
http://www.forbes.com/forbes/welcome/?toURL=http://www.forbes.com/sites/carminegallo/2016/05/06/5-public-speaking-tips-ted-gives-its-speakers/&refURL=&referrer=#5c07a8221d9b
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
Everyone is in agreement that ChatGPT (and other generative AI tools) will shape the future of work. Yet there is little consensus on exactly how, when, and to what extent this technology will change our world.
Businesses that extract maximum value from ChatGPT will use it as a collaborative tool for everything from brainstorming to technical maintenance.
For individuals, now is the time to pinpoint the skills the future professional will need to thrive in the AI age.
Check out this presentation to understand what ChatGPT is, how it will shape the future of work, and how you can prepare to take advantage.
The document provides career advice for getting into the tech field, including:
- Doing projects and internships in college to build a portfolio.
- Learning about different roles and technologies through industry research.
- Contributing to open source projects to build experience and network.
- Developing a personal brand through a website and social media presence.
- Networking through events, communities, and finding a mentor.
- Practicing interviews through mock interviews and whiteboarding coding questions.
Google's Just Not That Into You: Understanding Core Updates & Search IntentLily Ray
1. Core updates from Google periodically change how its algorithms assess and rank websites and pages. This can impact rankings through shifts in user intent, site quality issues being caught up to, world events influencing queries, and overhauls to search like the E-A-T framework.
2. There are many possible user intents beyond just transactional, navigational and informational. Identifying intent shifts is important during core updates. Sites may need to optimize for new intents through different content types and sections.
3. Responding effectively to core updates requires analyzing "before and after" data to understand changes, identifying new intents or page types, and ensuring content matches appropriate intents across video, images, knowledge graphs and more.
A brief introduction to DataScience with explaining of the concepts, algorithms, machine learning, supervised and unsupervised learning, clustering, statistics, data preprocessing, real-world applications etc.
It's part of a Data Science Corner Campaign where I will be discussing the fundamentals of DataScience, AIML, Statistics etc.
Time Management & Productivity - Best PracticesVit Horky
Here's my presentation on by proven best practices how to manage your work time effectively and how to improve your productivity. It includes practical tips and how to use tools such as Slack, Google Apps, Hubspot, Google Calendar, Gmail and others.
The six step guide to practical project managementMindGenius
The six step guide to practical project management
If you think managing projects is too difficult, think again.
We’ve stripped back project management processes to the
basics – to make it quicker and easier, without sacrificing
the vital ingredients for success.
“If you’re looking for some real-world guidance, then The Six Step Guide to Practical Project Management will help.”
Dr Andrew Makar, Tactical Project Management
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
What is bucket or tiered pricing?
1. What is Bucket or Tiered Pricing?What is Bucket or Tiered Pricing?
Tiered merchant account pricing is currently the most common form of pricing
for credit card processing. Tiered pricing is confusing, expensive, and gives the
processor a mechanism to hide fees from the merchant. It is our belief that
Tiered pricing is a main contributor to why the industry has received such a bad
reputation over the years. With processors pushing so many clients into Tiered
pricing models to drive their profitability, frustrations with the industry have
grown exponentially. Fortunately, a more cost-effective, transparent alternative
to tiered merchant account pricing is available to businesses.
Tiered pricing is a pricing model that credit card processors use to assess
charges to their merchant clients. Tiered pricing is also referred to as bucket or
bundled pricing because it allows processors to group interchange (credit cards)
into buckets of their choice. There is no exact criteria to how a processor
selects which cards are grouped into which buckets. The processor doesn't tell
a merchant which cards are grouped into which bucket. Each processor has
their own criteria for grouping cards, so there is no uniformity across the industry
for which cards fall into the various groups.
Tiered pricing can be identified on a merchant statement in a couple of different
ways. The easiest of which is to look for terminology such as “qualified”, “mid-
qualified” and non-qualified”. Sometimes the terms "qualified," "mid-qualified"
and "non-qualified" are abbreviated, so look for the variations "qual," "mqual"
and "nqual," when reviewing a merchant's statement. Sometimes the client will
state they have a “blended rate” of X%. This is also an indication they are on a
tiered pricing platform.
In the absence of the terms "qualified," "mid-qualified" and "non-qualified," tiered
pricing can also be identified by a consistent set of rates across all card brands.
These rates will generally be in the area of 1.69% - 3.25%, but may be higher or
lower depending on how many tiers a processor is using. As interchange is
different for all the various cards processed, a consistent rate (or set of 3 or 4
consistent rates) is indicative of a tiered pricing model.
How Tiered Pricing WorksHow Tiered Pricing Works
Tiered pricing allows a credit card processor to group numerous interchange
fees (cards) into three or four general pricing buckets of its choice. As
2. mentioned above, each processor has its own criteria for determining its
buckets, so tiered pricing from one processor to another will not match. Some
of the cards that fall into the “qualified” bucket of one processor will fall into the
“non qualified” bucket of another and vice versa. Once a processor groups
those cards into a bucket, instead of charging the client the posted interchange
rate for that card, the processor will charge the merchant the assigned bucket
rate.
Qualified Interchange Bucket/Tiered Rate
CPS Small Ticket Debit 1.55%
CPS Retail Debit 0.80%
Merit III 1.58%
Merit Debit 1.05% 1.78%
Merit I Insurance 1.43%
World Supermarket 1.58%
Service Industries 1.15%
Mid-Qualified
Business Level II 2.05%
Business Retail 2.20%
Commercial B2B 2.40%
High Value Merit I 2.20% 2.55%
Corporate Data Rate III 1.90%
World Elite Merit I 2.20%
Merit Elite Enhanced III 1.73%
Non-Qualified
High Value T&E 2.75%
High Value Standard 3.25%
Business Level 4 2.81%
Commercial Card Not Pr 2.65% 3.41%
Signature Business Credit 2.95%
Business Visa Debit 2.90%
Corporate Data I 2.65%
Interchange FeesInterchange Fees
Understanding tiered pricing models requires a basic understanding of what
interchange is. Interchange fees are the fees paid by the merchant to the
issuing banks of the credit cards processed in a transaction for payment. For
example, if a customer goes to the grocery store to purchase some bananas
3. and uses their Visa credit card issued by ABC Bank to pay for the bananas, the
grocery store will pay an interchange fee to ABC bank to process that credit card
for payment. The rate paid would be public information and would be posted on
Visa's website. That rate paid to the issuing bank (ABC Bank) is called
Interchange.
Going back to our tiered pricing example above, one would notice that the
processor is charging the merchant a higher rate than the posted interchange
rates for the cards processed. Although the processor charges a different rate
than interchange, the rate paid to the card issuer (bank) is ALWAYS the posted
interchange rate. So, if the bucket rate for a qualified card is 1.78% (as
depicted in the example above) and the interchange rate for for the CPS Small
Ticket Debit is 1.55%, the amount paid back the the card issuer (bank) would be
1.55%. The difference between 1.78% and 1.55% of 0.23% remain with the
processor as additional profit. As you can see by this example, the interchange
rates are substantially lower than the processor tiered rates, and the processor's
markup varies widely depending on which tier the processor uses for each
interchange category. Tiered pricing models are popular as it allows a processor
to increase their profit margins.
Frustrations with Tiered Pricing ModelsFrustrations with Tiered Pricing Models
The only positive to a tiered pricing model is that it presents rates and fees in a
simple, easy to read format on their monthly statement. However, this simplicity
prevents transparency with how a merchant is being charged fees. It is also
more expensive than the other pricing models available, such as Interchange
Plus pricing.
A major frustration with tiered pricing concerns the statements which do not
disclose the actual cost of a transaction or which cards were processed that
month. Instead, only the processor's “qualified”, “mid-qualified” and “non-
qualified” rates are visible. By hiding the interchange rates, a business is never
shown the actual cost of their processing thereby allowing the processor to
charge markups that are often excessive. Unfortunately, this practice is
completely legal, as all a processor is required to do is tell you what they are
charging the merchant... not what they actually paid towards the merchant's
interchange costs for the cards processed.
Tiered pricing also makes it possible for a processor to increase a merchant's
processing cost without increasing its rates. Processors accomplish this by
bundling a greater number of interchange categories to the more expensive
4. “mid” and “non-qualified” pricing buckets. This results in the merchant paying
higher fees even though the processor's rates have remained the same.
In addition to this, there are frustrations with when a merchant credits a
customer's credit card. When a merchant gives a refund to a customer to their
credit card, the merchant should receive a credit for the interchange fees paid
on the original transactions. For example, if the merchant paid 2.20% in
interchange fees for the original transaction, typically there should be a credit to
the merchant account when the merchant refunds the customer's account.
Since interchange categories are bundled on tiered pricing models, interchange
credits are not credited back to business when a refund is granted to a
customer. Instead, the processors simply keeps the interchange credit as
additional revenue and profit.
Tiered pricing also results in a different markup for virtually each individual
interchange category for every processor. The vast differences in markup and
inconsistent criteria in assigning interchange categories into different buckets
makes it impossible to compare tier pricing among processors. In addition to
this, because processors don't disclose the true processing cost (or how much
their markup was), it's impossible to give a true comparison as you don't know
which cards where processed in that given month. It's safe to assume you are
guaranteed to save a customer a significant amount of money moving them to
an Interchange Plus pricing model just from eliminating the extra markup made
above interchange on a monthly basis.
Lost Durbin SavingsLost Durbin Savings
The Durbin Amendment to the The Dodd-Frank Wall Street Reform and
Consumer Protection Act that took effect on October, 1 2011 capped the
interchange fee that large banks could charge at just 0.05% plus $0.21. The law
capped interchange fees at the card-issuer level, not at the processor level.
This means that any business being billed via tiered pricing will pay its
processor's qualified rate instead of the newly capped rate of just 0.05%. The
per-transaction loss is substantial when considering that qualified rates are
typically 1.65% or higher.
5. Interchange Plus Pricing/Interchange Pass ThroughInterchange Plus Pricing/Interchange Pass Through
Interchange pricing is the most affordable pricing model for credit card
processing. It also is transparent and easy to reconcile for the merchant. Unlike
tiered pricing, interchange plus functions by billing interchange fees directly to
merchants. With interchange plus pricing, a processor makes money by
charging a fixed percentage over actual interchange rates regardless of the type
of card or how a transaction is processed. The result is a low consistent markup
over actual cost. There is typically a per transaction cost billed to the merchant
as well.
An Interchange Plus statement is much longer than a Tiered Pricing statement.
An Interchange Plus statement details every card processed, the interchange
rate assessed, the dollar amount, and per transaction cost. The statement also
details out all the Card Association fees (Visa, MasterCard, Discover) and the
fees assessed by the processor. The statement is conveniently broken out into
different sections, breaking out a special section just for interchange. There is
also a special section detailing all the batches and dates made throughout the
month for account reconciliation purposes. The Interchange Plus statement
discloses every fee and how it was derived. If a merchant wanted to Google
each of the credit cards on their statement, they could verify they were charged
the actual interchange fee posted by Visa and MasterCard.
In conclusion, Tiered pricing models are expensive and lack transparency with
how a processor charges fees to their customers.