Credit Card Processing
Credit Card Transaction Fees
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More often than not, credit card transaction fees contribute more to cost than credit card processing rates.
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Credit Card Processing
Merchant Category Code: Reporting & Rates
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Originally created in 2004 to streamline 1099 reporting, merchant category codes are now used for a number of different purposes. Of particular importance to businesses is a merchant category code’s impact on interchange fees charged by issuing banks.
Credit Card Processing
Acquiring Bank — Where the Money Comes From
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An acquiring bank is a registered member of a card association such as Visa, MasterCard or American Express that provides businesses with the ability to accept credit, debit and prepaid cards as payment for goods or services.
Credit Card Processing
What is a Monthly Minimum Fee?
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A monthly minimum fee is one of the more confusing credit card processing fees because it’s not really a fee at all. A monthly minimum is more accurately described as a benchmark that may result in a fee, rather than as a fee by itself.
Credit Card Processing
Basis Points – The Basis for Fees
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The term basis point is thrown around a lot in the credit card processing industry, but many sales people fail to realize that most people aren’t quite sure exactly what a basis point is, or what it means in terms of credit card processing fees.
Credit Card Processing
Mobile Showdown: PayPal Here Vs. Square 2019
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PayPal Here has taken the mobile payments market by storm with a smartphone processing solution that in several ways gets the better of the current market leader, Square.
Credit Card Processing
What is a Retrieval Fee?
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A retrieval fee is charged when a customer or the customer’s issuing bank requests a copy of a sales draft in order to substantiate a transaction. This is called a retrieval request, and most credit card processors charge a nominal retrieval fee to process a request.
Credit Card Processing
Intuit Credit Card Processing = Very Expensive!
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Based on the countless Intuit merchant account statement analyses we have done here at CardFellow, we have found Intuit’s credit card processing charges to be 40% – 50% greater than the rates businesses receive in our free marketplace.