Who owns the merchant?
Halfpenny counts the fraction of every sale that nobody counts. Payments and POS, explained from the inside. By someone who has sat in nearly every seat at the table.
Start with your statement →Latest pieces
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Interchange
How to read your processing statement
A card-processing statement is one number and a lot of names. Here is a real-shaped statement for a café, every line explained, and why the effective rate is the one comparison that cannot be renamed.
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Interchange
What interchange is, and why nobody can discount it for you
Interchange is the largest part of what you pay to take a card, and your processor never touches it. Here is who sets it, who keeps it, why it exists, and what a salesman means when he says he can get you a better rate on it.