B2B

Level III Credit Card Processing: Large Tickets, B2G, and Purchasing Cards

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Visa and Mastercard have separate interchange categories for level III transactions, so providing all of the required information can result in savings if your business accepts a lot of cards that are level III eligible. However, not all cards are level III eligible, and not all gateways are capable of passing level III data. Let’s …

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Credit Card Processing

Cash Discounting for Credit Card Fees: Is It Legal?

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The short answer: yes, when done correctly. The longer answer is that there’s a lot of confusion about the difference between “cash discounts” and “surcharges,” or “checkout fees” and that confusion has led to labeling surcharge programs as cash discount programs. Let’s look at the differences between the two and how you can stay on …

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Credit Card Processing

Stripe Terminal for In Person Payments

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However, it’s not quite what you’re thinking. The Stripe Terminal solution allows businesses to build their own card-present checkout system by programming it with pre-certified card readers. The company calls it an “API-driven solution” and says that it’s geared toward tech-savvy businesses with both online and offline selling channels. If you’re not tech-savvy (or don’t …

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Credit Card Processing

OmniShield Assure

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OmniShield Assure is a PCI and security program. The company says that the main benefits are improved security and reduced financial risk. If you’re paying for the program, you’ll probably see it on your statement among other monthly fees. Note: OmniShield Assure was originally created by Vantiv, which was purchased by Worldpay. Then Worldpay was …

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