Credit card processing doesn’t have to be a headache. We’ve collected CardFellow’s detailed articles on everything from pricing models to security to help you understand merchant services and find the information you need.

What You’ll Find

Start with our guide to credit card processing if you want the full overview, or dig into specialty topics to get answers to specific questions. Within the processing category, we’ve “tagged” posts so you can easily find related topics.

Our credit card processing posts contain actionable information for businesses large and small. You don’t have to be a fortune 500 company to get great pricing and fair contracts.

Whether you’re looking for information on alternatives to Square smartphone processing or want to know if it’s legal to add fees for credit card purchases, we’ve got you covered.

If you still can’t find the answer you need, give us a call for assistance. We’re always happy to help.


Credit Card Processing, Legal

Worldpay Potentially Grabbing Millions in Hidden Fees

Wells Fargo is currently being sued for charging deceptive fees, North American Bancard is currently being sued for charging deceptive fees, Mercury Payments lost a lawsuit (with a $72.5 million payout) for charging deceptive fees, and Worldpay is being sued for similar allegations. While the outcome of those lawsuits is beyond the scope of this…

TwitterFacebookLinkedIn

Several recent lawsuits have put the spotlight on a whole series of alleged schemes by processors to collect junk charges disguised as legitimate fees.

Read the full article

Credit Card Processing, Restaurants and Bars

The Complete Guide to Restaurant Credit Card Processing

Restaurant owners are in a great position to secure low cost credit card processing. Lower “risk” swiped transactions, low chargebacks, and the popularity of going out to eat make processors eager to sign restaurants as clients. At CardFellow, we help restaurant owners and managers find the right fit. Whether you need particular POS features, lower…

TwitterFacebookLinkedIn

Restaurants notoriously operate on thin margins, so ensuring that you’re not overpaying for credit card processing can help your bottom line.

Read the full article

Credit Card Processing

Credit Card Machine Companies

Some credit card machine companies provide merchant accounts, while others are solely equipment manufacturers. We’ll take a look at why that matters and give a rundown of the major equipment providers in the United States. This article is specifically about credit card machine companies, not the machines themselves. Need details on particular machines? Check out…

TwitterFacebookLinkedIn

There are a lot of options when it comes to credit card payment machines. Here are some of the leading equipment manufacturers.

Read the full article

Credit Card Processing, Specialty Businesses

Credit Card Processing and IOLTA

That depends on whether the client is paying an invoice or paying a retainer for use to bill against future charges. When the payment from a client is a retainer, that is where IOLTA comes into play. Lawyers have IOLTA or trust accounts at banks that are separate and distinct from the law firm’s operating…

TwitterFacebookLinkedIn

Interest on Lawyers Trust Accounts (IOLTA) refers to a specific program with requirements for lawyers that receive funds belonging to clients. So how does it work when your law firm receives client payments by credit card?

Read the full article

Credit Card Processing

The Best Merchant Services Rates

The worst thing you can do for your business is call a processor and ask, “What are your rates?” or choose a company based on their inclusion in a “best processing rates” table. But that doesn’t mean we can’t show you how to find the most competitive pricing. In this article, we’ll discuss the role…

TwitterFacebookLinkedIn

When looking for the best merchant services rates, most business owners mean that they want the lowest possible pricing to take credit cards. For lowest total cost, “rates” isn’t the full picture.

Read the full article

Credit Card Processing

First Data Global Leasing Review

If you’ve browsed CardFellow’s blog, you’ll know we’re not big fans of equipment leasing. In most cases, leases are expensive and come with non-cancellable contracts separate from your processing agreement. Unfortunately, that holds true for FDGL. What is FDGL? Machines and POS Systems Are leases required? FDGL Costs Are leases ever a good idea? Alternatives…

TwitterFacebookLinkedIn

First Data Global Leasing, or FDGL, is the equipment leasing arm of processing giant First Data.

Read the full article

Credit Card Processing

Mastercard Dispute Resolution Initiative (MDRI)

Mastercard plans to phase in MDRI over a 2 year period that began in 2018 and will be fully completed in 2020. Specific dates and what will be involved in each phase of the rollout may change over time, and we’ll add details as Mastercard makes them available. Understanding disputes Mastercard Dispute Resolution Initiative Phase…

TwitterFacebookLinkedIn

In October 2018, Mastercard began a phased revamp to its chargeback process, calling it the Mastercard Dispute Resolution Initiative (MDRI).

Read the full article

Credit Card Processing

EMV Fallback: Fees and Definitions

There are a few situations where this can happen, which we’ll take a look at in this article. While occasional fallback transactions are okay, too many can bring fines and other penalties. Additionally, magnetic stripe transactions are not as secure as chip transactions, so you’re opening yourself up to greater liability if you don’t properly…

TwitterFacebookLinkedIn

EMV fallback refers to a transaction where a customer uses an EMV (chip) card in a chip-capable terminal, but the transaction doesn’t go through as a chip transaction. Instead it “falls back” on magnetic strip technology.

Read the full article