INCLUDE TAX AMOUNT AND SAVE MONEY!
Cash Flow Plus strives to keep our merchants up to date on changes in the electronic payment processing industry. One such change was recently announced, and by increasing your diligence when processing transactions, you will save your business money! When processing a MasterCard transaction with a corporate or business credit card, issuing banks now require that you include the tax amount in the transaction. In the past, merchants were able to bypass this by simply pressing the “enter” key. You will no longer be able to do this; however, by including the tax amount and processing the transaction properly, you will qualify for the lower rate and will not be downgraded. Visa transactions traditionally did not allow the merchant to bypass the tax amount entry.
