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Commercial Level II is a Visa interchange category used to calculate the interchange fee for card-not-present transactions involving a payment made with a purchasing card.
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Visa’s Commercial Card Not Present interchange category refers to card-not-present transactions made with a corporate credit card instead of a consumer credit card.
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A sneaky thing is going on with the cost businesses pay to accept American Express cards. Changes have made it cheaper than ever to accept Amex, but business’ credit card processing statements aren’t reflecting the cost reduction.
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Anyone who has made a purchase online in the past decade is likely familiar with PayPal.
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You’re probably already aware that you pay an interchange fee anytime a customer pays with a credit card. Interchange fees are generally the most expensive component of credit card processing costs, and they’re non-negotiable.
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There was once a time when all you had to worry about was having enough cash on hand to provide customers with change. Those days are long gone. These days you need to be prepared to handle a slew of payment options.
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Anyone who comes across Fattmerchant probably perks up at the promise of no markup for credit card processing. The ability to take credit cards and not have to pay a markup to the processor? Sounds great! But before you rush to sign up, let’s take a look at what it really means and how to accurately compare your options.
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The internet has changed the way we all live. Business is increasingly conducted in a virtual world. Now there are virtual currencies to match. Of these, Bitcoin is the best-known and most successful. As it becomes more popular, businesses are starting to ask: Should I take Bitcoin? And if so… how?
