The Business Card Level II (US COMM L2) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a business credit card instead of a consumer credit card. This interchange category has several rates associated, depending on the " spend tier" associated. Interchange rat...

Interchange rate & fee: 2.65% + $0.10 Also known as: COMM CNP B The Business Card – Card Not Present (or COMM CNP B) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a business credit card instead of a consumer credit card. The transaction takes place by p...

How is it possible that American Express cards costs cost less than ever to accept, but businesses aren’t paying less? The answer is pretty simple: credit card processors are pocketing the difference. Amex Introduces “OptBlue” In early 2015, American Express decided to tackle two big problems: a reputation among businesses as the “expensive...

The company, once part of eBay, originated as a ‘middle man’ between online sellers and buyers, offering protection. A buyer didn’t have to hand over their credit card information directly to a seller, and both buyer and seller would have a neutral third party to mediate any problems. Since its beginnings almost 20 years ago, PayPal has expanded...

However, some credit card processors are now offering “zero fee” processing as a way to seemingly get around interchange fees and attract businesses to use their services. These processing options may have different names: zero fee processing, cash discounting, and free credit card processing. Obviously there's a lot of fine print involved, and ...

More people use credit cards for payments and mobile phones are becoming a popular consumer payment option as well. Apple, Android, Samsung, and Chase all offer ways for customers to use their smartphones for payments, and new services are popping up all the time. So what’s the difference between EMV and NFC, and why should you care? Read on ...

Note: Fattmerchant has changed its name to Stax. We're preserving this profile for historical record, but have created a new review of the Stax offering, available here: Stax credit card processing review. At the time of this update, Stax utilizes the same pricing model as Fattmerchant did, and some of the information contained below may still be ...

Let’s take a look at what Bitcoin is, how you can accept it, and whether you should consider taking it at your business. What is Bitcoin? Bitcoin is a cryptocurrency. The term sounds cloak-and-daggerish, but it refers to a digital currency designed to exchange information via encryption techniques. There is no physical coin in a Bitcoin. ...

Note: As of spring 2025, Visa has made changes to the EIRF downgrade category. While EIRF still applies to debit and prepaid card transactions, it has been replaced by the "Non-Qualified" category for consumer credit. You can read more about that in our article Visa Non-Qualified Interchange. In credit card processing, interchange downgrades occ...

CPS Supermarket is the first part of several interchange categories that determine the fees a supermarket will pay for accepting debit or prepaid cards. There are CPS Supermarket categories for in-person debit and prepaid card transactions. There are no “card not present” categories. Additionally, there are no CPS supermarket categories for credit ...