By
But some of those clarifications have gotten lost in the noise as investors have rushed to Square (its stock jumped in the days following the first reports) and some began to predict that Visa will purchase Square. Before we jump to conclusions, let’s slow down and take a look at the facts. What Visa Really …
Is Visa Buying Square? The Truth About Visa’s Stake Read More »
By
In this article, attorney Nate Baber from Aeton Law Partners, LLP explains exactly what to look for in your merchant contract and what to know before you cancel. Pull out your contract and take a look for these important pieces. The biggest concern most small businesses have with Merchant Processing Contracts (MPCs) is how to …
Early Termination Fees: Canceling Your Merchant Processing Agreement Read More »
By
In this article, we’ll talk about what it is, how it benefits you and your customers, potential drawbacks, and how to use 3D Secure to ensure maximum security for online transactions. What is Verified by Visa? Verified by Visa (or VbV) is an advanced anti-fraud tool Visa offers to businesses. Similar to Mastercard SecureCode, it requires an …
How to Use Verified by Visa 3D Secure Fraud Prevention Read More »
By
In order to understand CPS, you need to understand the fundamentals of interchange and interchange qualification. I’ll briefly cover them in this article. If you’re interested in learning more, which I encourage, check out related articles on the topics of interchange and processor pricing models on CardFellow’s blog. Note: As of summer 2023, Visa has …
Visa CPS (Custom Payment Service) & Your Processing Fees Read More »
By
But with guns being a big ticket item, giving customers the option to pay by credit card is important. So how do you find gun-friendly credit card processing? If you’re a gun dealer, here’s what you need to know about finding the right processor to support your business. Taking Credit Cards: The Basics Any business …
By
It’s pretty clear from our Wells Fargo Merchant Services review that we don’t hold the company’s credit card processing services in the highest regard. We formed this opinion over many years of reviewing quotes, applications, and statements that push opaque, overly aggressive pricing. One of our least favorite tactics in Wells Fargo’s arsenal of tricks …
Interchange Clearing Fee – Wells Fargo Merchant Services Read More »
By
Note: In 2022,the defendent in the lawsuit pled guilty. We’re leaving this article as-is for historical purposes, but will no longer be updating it unless there is another lawsuit or important information related to CardReady’s situation. The newest lawsuit is against payment processor CardReady, and comes from the Federal Trade Commission and the State of …
By
1. You have Non-Qualified Rates Check your statements. Do you see the word “non-qualified” or any variation? (NQUAL, nonqual, etc.) If so, you’re paying too much for credit card processing. Huge red flag. 1a. Did you search for a processor based on “rates” and then sign up with the lowest, with a rate of 1.5% …
3 Ways to Tell if You’re Paying Too Much for Credit Card Processing Read More »
