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Welcome to todays Maverick Minute The five most hated words in payment processing As a merchant you might be frustrated with the word choices that are used in the payment processing world And the misleading terms, are no help to new business owners either. We combed through hundreds of pages of payment processing contracts and sales information And here are our top commonly used words for the payment industry that should be banned DISCOUNT Sounds a deal right? Who wouldnt want the highest possible discount for their processing rate? Right? Ha! Well, NO! Because this so-called discount its actually the amount YOU are charged! So you want this so-called discount to be as close to 0% as possible. It seems honest and legitimate Be careful with the word APPLY It isnt always an application to qualify, but rather a binding contract for the processing services. AS LOW AS That bargain-basement rate sounds so good when youre window-shopping processors! But hold th