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MIDDLETOWN, Conn. – CardFellow, a free service that helps businesses secure the most competitive credit card processing, has launched a new website that eliminates the frustration of comparing credit card processors. The site is designed for businesses that want to pay as little as possible for processing but don’t have the time or resources to individually …
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MIDDLETOWN, Conn. (November 2, 2015) – CardFellow is pleased to announce an agreement with credit card processor Payment Depot. Effective immediately, the agreement authorizes Payment Depot to place certified quotes through the CardFellow processing marketplace, providing businesses with access to a wider range of choices. As with all CardFellow-certified quotes, Payment Depot will quote using …
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If that sounds familiar, it’s because it’s the same thing that Mercury was sued for by Heartland Payment Systems in 2014. Note: Also in 2014, Mercury Payments was acquired by Vantiv, which has itself since been acquired by Worldpay. The practices that Mercury was allegedly engaged in and sued for may not be the same …
Mercury Payment Systems Sued (Again) for Overcharging Read More »
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Note: These fees were more common early after the EMV liability shift took place in 2015, but they can still apply for businesses that haven’t upgraded to chip-capable equipment. As time goes on, we anticipate these fees to be eliminated (or change into something else) as machines that can’t accept chip cards are phased out …
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Chase thinks so. Note: As of 2021, all Chase Pay functions have been discontinued. Chase Pay App Discontinued In autumn 2019, Chase announced that it was discontinuing the Chase Pay standalone app. At the time, the company said it would continue to support Chase Pay as a payment method through participating websites. However, in 2021, …
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Basis point is term that refers to one one-hundreth of a percentage point. Shown as a percentage, one basis point is 0.01%; but Shown numerically, one basis point is 0.0001. Needless to say, deciphering basis points can get a little confusing. That’s why we’ve created this nifty basis point calculator that does the math for you. Just move the slider to calculate basis points and the associated charge for a given dollar amount.
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At this very moment you know just enough to be dangerous. Interchange plus pricing is not automatically the fix for your problem of high processing fees. I highly suggest (and I know my previous employer would agree) that you keep reading. The Flawed Definition of Interchange-Plus We have several articles here at CardFellow that delve …
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Update: September 2019 – Square has done away with it’s 2.75% flat rate pricing. Square charges transaction fees, effectively negating the pricing advantage described in this article. We’re leaving it here for historical record, but note that in many cases it may not be less expensive to use Square for small ticket transactions anymore. Businesses …
