Credit Card Processing

Non Qualified Rate: A Figment of Your Processor Imagination

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If so, you’ll be really happy to learn that non-qualified rates are primarily a figment of your processor’s imagination. They are often used to increase profits through the practice of excessive surcharging. Non-qualified rates can be easily avoided, and this article will show you how to rid yourself of non-qualified fees. The Frustration of Non-Qualified …

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Credit Card Processing

Visa Acquirer Processing Fee (APF)

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The Acquirer Processing Fee is sometimes called the Visa Authorziation Processing Fee. Note that Visa charges a separate acquirer processing fee for debit and credit card transactions. The APF for credit card transactions is $0.0195, and the APF for debit card transactions is $0.0155. For debit, the APF only applies to signature-based debit authorizations, not …

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Credit Card Processing

Costco Credit Card Processing = A Big Mistake!

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In fact, Costco doesn’t even provide credit card processing. Instead, they outsource merchant services to a company called Elavon. In the past, Costco offered merchant accounts using tiered pricing with bait and switch rates. In short, you will pay through the nose to process credit cards, and you’ll likely be stuck doing it until your multi-year …

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Credit Card Processing

Daily Vs. Monthly Discount Cost

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Some processors only offer daily discounting, while others offer a choice. If you open a merchant account that lets you choose, monthly discount is usually the better option. Let’s look at the differences between daily and monthly discount. Difference Between Daily and Monthly Discount The names give it away. With monthly discount, your processor deducts …

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Credit Card Processing

Interchange Pass Through Pricing

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The benefits of interchange pass through (often called interchange plus) are transparency and lower costs when compared to bundled or tiered pricing models. It’s safe to say that pass through pricing allows your business to get the best credit card processing fees, which is why it’s the only form of pricing we allow processors to …

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Credit Card Processing

Visa Network Participation Fee

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We’re leaving this article here for historical reference, but will not be updating it. Instead, new information about the Fixed Acquirer Network Fee (FANF) can be found at the post linked above. Visa has announced a new Network Participation Fee and pricing structure in response to the Durbin Amendment. Part of the amendment allows merchants …

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