Credit Card Processing
Visa Acquirer Processing Fee (APF)
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Visa began charging an acquirer processing fee (APF) on July 1, 2009 on all authorizations acquired in the United States. The acquirer processing fee is a flat transaction fee.
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Credit Card Processing
Costco Credit Card Processing = A Big Mistake!
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Costco may sell some things at wholesale prices, but it’s not merchant accounts.
Credit Card Processing
Average Credit Card Processing Fees
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We get this question a lot here at CardFellow: “What’s the average credit card processing fee for a [insert your business type here] business?” There are easy answers to this question, and then there are the right answers.
Credit Card Processing
Daily Vs. Monthly Discount Cost
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Daily and monthly discount refer to when a credit card processor deducts fees from your business checking account for processing your credit card transactions. There’s a big difference between the two, so give careful thought to which method is best for your business.
Credit Card Processing
Interchange Pass Through Pricing
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Interchange pass through pricing is a form of credit card processing pricing that allows the actual cost of processing (interchange fees & assessments) to be passed directly to your business.
Credit Card Processing
Don’t Lease a Credit Card Machine!
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Credit card terminal leases benefit processors not you. Don’t fall into the trap of leasing machines.
Credit Card Processing
Visa Network Participation Fee
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Visa has scrapped what it was calling the Network Participation Fee in place of the Fixed Acquirer Network Fee due to become effective on April 1, 2012.
Accounting and Finance
IRS Merchant Reporting 6050w
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Processors must report all settled payment card transactions under section 6050w. And they must perform backup withholding at a rate of 28% for merchants that have incorrect TIN or tax filing names.