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In April 2008, Visa implemented an international service assessment (ISA) fee of 0.80% (eighty basis points). In April of 2019 Visa increased the base ISA fee to 1.00%. The fee applies along with other Visa fees for international transactions.
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Some credit card processors play the old bait-and-switch game of advertising rates that seem too good to be true.
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Pivotal Payments offers credit card processing services, but is it a good choice for your business? Let’s take a look at CardFellow’s experience.
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Data shows that most businesses save significantly on debit volume thanks to the Durbin Amendment. The only exception to this is businesses with small tickets, or those on tiered pricing. Small ticket businesses have seen costs increase because of Durbin, and those on tiered pricing allow their processors to pocket their Durbin savings.
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One small business finds out just how helpful CardFellow can be when it comes to saving you money on processing fees.
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With the cost of credit cards eating into your business’s bottom line, you may be wondering: Can I charge a convenience fee on credit card purchases?
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If you accept Mastercard at your business, chances are you’ve seen a Network Access Brand Usage (NABU) fee on your credit card processing statement.
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A debit card can be processed as either a signature or PIN-based transaction and your business will incur different charges depending on which method you use.
