But what does that mean for your business? Will customers still have and use Discover cards? Are your credit card processing fees going to change? At this point, we don’t know all the details, but here’s what you can expect with the current information. The Discover Acquisition CapitalOne announced its intention to acquire Discover in 2024, but d...

A class action lawsuit was also filed, allowing business owners a path to attempt to recoup money they were overcharged. This article includes the official class action website for those who would like to stay on top of deadlines. But first, let’s take a look at what actually happened. What did Discover do? According to the FDIC and Federal Re...

There are interchange rates for all Discover card types, including debit, credit, international, and commercial cards. The fee varies by entry method (in-person, keyed, or recurring) as well. In this article, we’ll include the interchange rates grouped by card type. What are interchange fees? Interchange fees are the portion of your total cre...

Ideally, you want to prevent chargebacks in the first place by properly utilizing anti-fraud tools and offering easy cancellations. But sometimes chargebacks happen anyway, and it’s important to know what to expect. In this article, we’ll explain the stages of the dispute process for American Express and Discover. You can also contact your credit c...

The paradigm shift was been prompted by leaps in credit card security and fraud protection, along with consumer trends such as the rise of mobile payments technology (e.g., Apple Pay), and of course the now-ubiquitous chip card. What changed, and does it affect your business? Let’s take a look. What Changed Under the prior signature author...

Discover implemented the Network Authorization Fee in 2013 to replace the Data Transmission Fee, which applied to fewer transactions. The Network Authorization fee is often charged in tandem with the Discover Data Usage Fee. However, some processors only list one or the other. As of 2018, Discover sets the fee at $0.0025. What are assessment f...

If you take a Discover card that was issued outside the US, you’ll be subject to international processing fees. Discover Assessments Assessment fees are a non-negotiable component of credit card processing costs. Assessments are set by the card brands and are the same for everyone. Therefore, it is not possible to negotiate lower assessment c...

However, processors may or may not charge it, and may or may not list it as the "data usage fee." What are assessment fees? Assessment fees are a component of credit card processing costs. Unlike interchange fees (which go to the banks that issue credit cards to consumers) assessments are charged by and paid to the card brands themselves. Visa,...

In this article we’ll be exploring the Discover Information Security and Compliance (DISC) Program. Before we get into Discover’s specific rules, you’ll need to make sure you’re compliant with PCI DSS - This is an agreed set of requirements for everyone involved in the credit card system. You can check out our article on PCI compliance if you ne...