Founded in 2013 by Stanford students, it has grown to be in over 800 cities and boasts over 200,000 local drivers. With a reach like that, it has the potential to significantly help your business by handling deliveries. How Your Restaurant Would Use It Is DoorDash in Your Area? Signing Up Features The Merchant Portal…
DoorDash is an on-demand food delivery service that uses technology to facilitate door-to-door delivery. Is it a good idea for your restaurant?
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? Discover Interchange Rates Credit Interchange Rates Debit Interchange rates Regulated Debit…
When you accept Discover cards at your business, you’ll pay fees to Discover, called interchange. These rates vary by card type, entry method, and other details.
Every time you accept a credit card at your business, you’re charged a fee. Part of that fee comes from interchange, but there are hundreds of interchange categories. Each transaction has a “target” interchange category (and associated cost) that a transaction should qualify for if basic requirements are met. However, if those requirements aren’t met…
An interchange “downgrade” happens when a credit card transaction doesn’t meet requirements for a preferred interchange category.
Many practice use Dentrix practice management software, but if you take credit cards through the software, you know that it’s not cheap. How much money are you leaving on the table, and what are the alternatives? The truth is, how much you can save depends on what you’re paying now and how much of that…
Many practice use Dentrix practice management software, but if you take credit cards through the software, you know that it’s not cheap. How much money are you leaving on the table, and what are the alternatives?
There are a few important considerations: The chargeback protection program costs 0.40% per transaction. That’s not exactly cheap. Not all chargebacks are eligible. In fact, quite a few types are ineligible. “Risky” transactions will require use of 3D Secure anti-fraud tools. 3D Secure already shifts liability in the case of chargebacks. In this article, we’ll…
In June 2019, Stripe announced a new chargeback protection program. For an additional fee, Stripe will cover the cost of some disputed transactions. That sounds good, but is it actually worth it?
SecureCode is Mastercard’s “3D Secure” technology solution. It’s designed to help prevent fraud and unauthorized purchases by adding a layer of customer authentication. Unfortunately, 3D Secure is not very common in the United States. However, properly implementing it can benefit your business not only in terms of reduced fraud, but also by lowering your interchange…
Mastercard’s Universal Cardholder Authentication Field (UCAF) interchange categories determine the interchange fees a business pays if it uses Mastercard SecureCode.
First of all, I’m referring to the lawsuit formally named In Re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation. You may also see it called the Payment Card Interchange Fee Settlement, which should be the return address. It’s a good idea to verify that any paperwork you’ve received matches this information. Unfortunately, there…
If you received a notice of a class action lawsuit claiming you may be affected by a payment card settlement, you’re probably wondering if it’s legitimate. It is, but there are some important things to know.
Specifically, Mastercard does not have a restaurant-specific category for basic consumer credit cards. However, it does have restaurant-specific categories for consumer “rewards” cards, debit cards, and prepaid cards. In this article, we’ll take a look at the credit card rates for restaurants that accept Mastercard. Looking for a more general explanation of credit card processing…
Restaurants that accept Mastercards may see specific restaurant interchange fees or general fees. That’s because Mastercard has restaurant-specific categories for some cards, but not others.
Use the secrets that credit card processors don't want you to know to drastically lower your credit card processing fees.
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