Ellen has a degree in English, which she puts to work every day researching and writing articles, processor reviews, and social media posts. She enjoys the challenge of explaining complex topics - making her a perfect fit for credit card processing - and strongly believes in CardFellow's mission of empowering business owners through education.When she's not busy following the latest industry news, Ellen can be found cycling the beautiful trails of southern New England, narrowly losing at pub quizzes, or practicing her trapeze skills in aerial circus class.

Credit Card Processing

Visa Zero Floor Limit Fee

The fee basically acts as a penalty for submitting a transaction for settlement without first submitting it for proper authorization. As of 2018, Visa sets the zero floor limit fee at $0.20. Visa Assessment Fees The Zero Floor Limit Fee Finding the Fee on Your Statement Lowering Visa Costs at Your Business Visa Assessment Fees…

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The Zero Floor Limit fee applies to transactions without a previously approved authorization.

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Credit Card Processing

Visa’s Zero Dollar Verification Fee

When you properly verify information, the zero dollar verification fee will apply and the misuse of authorization fee will not. Visa Assessments The Zero Dollar Verification Fee Information You Can Verify Locating the Fee on Statements Lowering Costs to Take Credit Cards Comparing Markups Visa Assessments When you accept Visa cards at your business, Visa…

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The Zero Dollar Verification Fee is a small charge (called an assessment) that Visa imposes when your business verifies cardholder information without actually charging the card.

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Credit Card Processing

How to Use the CardFellow Code to Compare Processors

How often do you get calls and visits from processing reps promising to save you money? Daily? Weekly? These reps use a number of tactics to get you doubting your current processing solution. They may tell you that they can save you money, or that a new law means you’re now eligible for better rates,…

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The CardFellow Code is a handy feature we offer to help you keep pesky salespeople at bay while ensuring you can still find out if they’re really offering a better deal.

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Credit Card Processing

Visa’s Base II System File Transmission Fee

The System File Transmission Fee applies every time you take a Visa card. Transactions can (and often do) incur more than one assessment fee. For example, you may frequently see the System File Transmission Fee along with the Acquirer Processing Fee. Visa’s Assessments Base II Transmission Fee Locating the System File Transmission Fee Visa’s Assessments…

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The Visa System File Transmission Fee, also called the Base II Transmission Fee or Base II System Fee, is an assessment fee that Visa charges.

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Credit Card Processing

Visa’s Misuse of Authorization Fee

Sometimes called “ghost authorizations,” misused authorizations are transactions that are neither settled nor reversed properly. The fee attempts to cut down on such authorizations. Therefore, if you don’t follow a Visa authorization with a matching clearing transaction, you’ll incur the Misuse of Authorization Fee. You could also incur the fee in the case of a…

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The Misuse of Authorization Fee is an assessment charge that Visa imposes on transactions that don’t follow proper authorization procedures.

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Credit Card Processing

Visa’s Base II Credit Voucher Fee

Technically, there are two of these fees: the credit voucher fee and the Base II Credit Voucher Fee. The difference is that the Base II Credit Voucher Fee applies to US-based transactions. From there, the fee is split into Credit Voucher Fee (Debit), Credit Voucher Fee (Credit), Base II Credit Voucher Fee (Debit), and Base…

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Visa’s Base II Credit Voucher Fee is an assessment fee that Visa charges when your business refunds a customer’s money.  There are separate fees for credit and debit.

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Credit Card Processing

Mastercard Acquirer Program Support Fee

Essentially, it applies under the same circumstances as the Cross Border Fee (domestic). One or both fees can apply to the same transaction. Mastercard currently sets the APSF at 0.85%. Assessment Fees Acquirer Program Support Fee Locating the Fee on Processing Statements Finding the Lowest Cost Credit Card Processor Assessment Fees A non-negotiable component of…

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Mastercard’s Acquirer Program Support Fee is an assessment fee for accepting Mastercards that were issued outside of the United States.

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Credit Card Processing

What is PIN on Glass for Debit Card Processing?

Let’s look at the pros and cons of PIN on glass and what you need to know if you’re considering using for PIN debit card acceptance at your business. What is PIN on glass? Pros and Cons Saving Money with PIN Debit Who is PIN on glass good for? Alternatives to PIN on Glass What…

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Businesses that accept debit cards but don’t have a PIN pad for customers to enter PINs may soon have a way around it: PIN on glass. The technology would allow for secure PIN entry on consumer mobile devices, such as smartphones and tablets.

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