Tag Archives: credit card processing

Small business: Best practices for online credit card processing

Introducing a credit card payment option is a great way to enhance customer satisfaction. Most shoppers prefer using credit and debit card when shopping online. In America, people have become more dependent on credit cards.

Thus, for small business owners, integrating credit card processing is a huge advantage over competitors. Using credit cards is convenient and easy for both the business owner and the customer. However, if not correctly implemented, credit card processing could be risky for small businesses.

Needless to say, online credit card processing is highly vulnerable to the illicit acts of cyber criminals. Nevertheless, there are several ways on how entrepreneurs can effectively integrate a credit card payment option with their small businesses. Continue reading


Tommy Takes His Talents to Gloucestershire Polo


Tommy Kato’s life has been a bit of a whirlwind over the past few years. In that time, he has transitioned from developing commercial properties for retailers and Fortune 100 companies to founding and becoming the CEO of Merchant Hub; a multi national payment processing company with offices throughout the United States, Brazil, Milan and London. When asked what his main priority for Merchant Hub was, Tommy replied, “My number one priority is being able to offer our customers something that’s going to be the most beneficial to them and something they can offer to their customers that’ll be really beneficial to both of them.” This has indeed been the case because in Merchant Hub’s fifth year it has continued to grow 200% annually with plans of expansion across South America and Europe.

If this wasn’t an already lengthy resume, Tommy also finds time to play professional polo in major events such as the Gloucestershire Festival of Polo and being involved in several note worthy charities like the No Child Hungry in Miami, Florida. Being a young entrepreneur isn’t always easy, “I’m typically on the plane once or twice a week”, Tommy explains, when describing how he juggles business and fatherhood. When asked about his experience of being invited to play alongside his Royal Highness Prince William and Prince Harry on Fathers Day in England, Tommy replied, “It was a nice friendly game; great experience to be around the guys.” Although, Tommy makes it look easy we should note that getting your pony to gallop in line with the ball, pass it to a teammate and finally attempting to make a goal is one of the reasons why the sport is arguably one of the most challenging. We’re excited to see what Tommy has in store for the future of Merchant Hub as well as his future as a professional polo player.

Mobile Payments—an Easy Way for the Retail Industry to Accept Payments

Despite the popularity and widespread use of credit cards these days, people still often have to lug around chunky wallets because of the numerous cards they need to carry around with them. But thanks to mobile credit card processing technology, we can now simply use our mobile phones to make payments at various establishments.

Because of the developments in e-commerce and the advanced technology of mobile phones, mobile payments have become a convenient alternative method of making payments. Not only are they convenient for customers, but they also ease the transaction process for the merchants. Aside from that, merchants can benefit from the lower overhead costs they require and can be more assured with the security of the transaction. Furthermore, with the number of people who own smart phones than credit or debit cards, this mode of payment would no doubt become prevalent and the most convenient way to pay. Continue reading

Big Bets on Polo Could Yield Billions

There’s a new old game in town and a lot of very smart people are placing big bets on it.

The old game is polo, and this weekend it’s being played on white sand in front of the blue-green Atlantic in the fabulous and famously hot town of Miami Beach.

Thomas Kato (pictured in photo) Merchant Hub CEO, patron for Lufthansa’s polo team, & returning Miami Beach Polo Sponsor feels it is, “a great corporate bonding experience for our employees and an excellent way for us to give even more back to our merchants“.

And though you won’t see any upfront betting on these very expensive ponies and their star-studded riders, behind the scenes there’s big money being wagered that polo will be the next global super-sport.

Event producers, sponsors, and advertisers are betting that polo, already a magnet for the super-rich, can attract a huge audience of average Joes, who even if they aren’t aspiring up the economic ladder can enjoy rubbing shoulders with the rich and famous and drinking, dressing and driving what’s being dangled in front of them as the good life.

Polo is being cross-marketed to a cross-section of the global population. And, while the usual high-end brands are big sponsors, middle-market and economy-brand sponsors and advertisers want in on the good life gravy train.

Reposted from Forbes, article by: Shah Gilani

Click link to continue reading: http://www.forbes.com/sites/shahgilani/2012/04/27/big-bets-on-polo-could-yield-billions/

Merchant Hub Announces Team Sponsorship for 2012 Maserati Miami Beach Polo World Cup

Merchant Hub returns as a supporting team sponsor for the 8th annual 2012 Maserati Miami Beach Polo World Cup, the world’s largest and most prestigious Beach Polo competition, taking place from April 26th to April 29th between 20th and 22nd streets on the sands of South Beach, Florida.  Merchant Hub CEO, Thomas Kato – Patron of the team, has acquired 2 of the top professional players and polo favorites, Jamie Morrison and Luis Escobar.

"The Sport of Kings"

“This year’s Maserati Miami Beach Polo World Cup is expected to be our most distinguished tournament to-date,” said Bruce Orosz, President and Co-Founder of The Polo Life, LLC.  “Merchant Hub is thrilled to be apart of such an esteemed event that attracts the top polo players from all over the world,” said Thomas Kato, CEO of Merchant Hub & Merchant Hub Polo Team Patron.  Kato will also be making his debut into the polo world as a player in his first professional polo match.

General admission to competitions and adjacent Retail Village is free, and concessions will be available to purchase. A limited number of VIP tickets are available for purchase. VIP tickets allow entrance to the shaded Grand stand, where free food and drinks are served.  A percentage of all ticket sales will go to Big Brothers Big Sisters of Greater Miami, the tournament’s official charity partner.

For more information on the tournament and the events or to purchase VIP tickets, visit http://www.miamipolo.com or call 305-538-3809.

About Merchant Hub

Merchant Hub, a multinational credit and debit card processing company, provides service to the world’s largest financial services providers, to the merchant around the corner, and to businesses and governments of all sizes in between. Our services ensure that your money moves accurately and securely anytime, anywhere.  Merchant Hub has established offices throughout the USA, Latin America, the United Kingdom and Europe.

For more information, please visit www.MerchantHub.com.

T-Mobile USA Becomes The First Operator To Offer Square Credit Card Readers

T-Mobile USA has become the first mobile operator to offer Square payment readers to its customers, allowing smartphone owners on its networks to buy the payment accessory direct from its stores from today.

Square’s attachments are already on sale in Apple Stores and other retailers including Best Buy and Target, allowing iPhone, iPad and Android device owners to process credit card transactions on their mobile device.

The device is being aimed at small business owners that want to offer credit card payments to their customers. The company has set up a dedicated page on its website, here.

Square founder and Twitter co-founder Jack Dorsey announced via Twitter in December that the service now serves over 1 million merchants who are signed up and ready to process transactions.

As a counterpoint, Dorsey said that there are only 8 million merchants who accept credit cards in the US, giving Square a solid chunk of that market. Taking into account the figures that the Twitter co-founder shared, Square had managed to expand and capture 1/8th of the entire credit card processing market in just 2 short years since its launch.

Square is currently on the lookout for the best talent in software engineering, hardware engineering, creative, communications and public relations, compliance, finance, legal, marketing, and risk. With $168M in funding, the company can definitely afford to hire all of these positions and so created a slick new recruitment video to help it do so.

T-Mobile USA becomes the first operator to offer Square Credit Card Readers. By Matt Brian. (2012, January 31). Retrieved from http://thenextweb.com/mobile/2012/01/31/t-mobile-usa-becomes-the-first-operator-to-offer-square-credit-card-readers/.

Top Credit Card Processing Trends For 2012

Are You Ready for the Payment Revolution?

The credit card processing industry began a full steam march toward change in 2011. For instance, merchants saw the beginning of a mass migration towards the adoption of new mobile technologies that promise to change the way they accept payments. The industry also saw new legislation that brought public awareness to the high costs of accepting card payments, and new startup companies introduced groundbreaking services to not only help merchants accept payments but also make them smarter marketers while simultaneously lowering their processing costs.

It is my belief that the processing industry is about to undergo a disruption unlike anything is has ever experienced, and that these changes are eminent and unstoppable. Why? Two reasons:

First, and not surprisingly, merchants are fed up with the traditional credit card processing industry. Everywhere they look they are getting hit with more and more fees. It’s not uncommon for a merchant to be paying 4-5% in effective costs when all of their fees are added together against their total card sales. Not only that, but the merchant services industry is notorious for extremely poor customer service. Instead of supplying a product of value and giving merchants fair pricing, most providers rely on locking merchants into contracts with a goal to collect as much in fees for as long as possible. It’s a “churn and burn” industry and merchants have had enough of it.

Second, the new technologies and services that are entering the market promise to be different. These services are promoting features that include the complete elimination of nearly all of the most common fees imposed by traditional processors; such as cancellation fees, monthly fees, annual fees, PCI compliance fees, statement fees, batch header fees,AVS fees and nearly every other fee you can imagine. When it comes to processing costs, many of these services are offering flat rates that are easy to understand and don’t include any hidden downgrade surcharges. As you might have guessed, this is music to most merchants’ ears.

Below you will find my predictions for the top card processing trends for this coming year. Be sure to follow us on Facebook, Twitter, and Google+, or by email and RSS to stay informed as we track these changes.

Mainstream Merchant Adoption of Mobile Smartphone Processing

Sliding Credit Card Through Mobile Card Reader

The popularity of iPhone and Android devices has given rise to companies like GoPayment and Square. These companies offer free card readers, free setup, no monthly or annual fees, no contract, and flat processing rates. Square reported that it has shipped nearly one million card readers since its launch in 2009 and GoPayment is likely not far behind. Not only do these services make great mobile options, but they are also great backup options in the event of a service disruption from a primary processor.

Mobile processing popularity has spurred traditional processors into offering similar smartphone apps and card readers in order to compete, but generally under traditional merchant account pricing models. Merchants will need to be careful so as to not fall prey to copycat services that lock them into expensive fees and long-term contracts. Continue reading