Credit Card Processing Archives - Page 27 of 40 - CardFellow Credit Card Processing Blog

Credit Card Processing

5 Reasons to Ask for OptBlue Pricing if You Take American Express

If you already take American Express cards or are considering accepting them at your business, you’ll want to make sure your processor charges you with OptBlue. Here’s why: It’s Cheaper Well, probably. The OptBlue pricing is a “cost plus” model, so if you’re not on a tiered pricing model and if have a competitive processor …

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Accounting and Finance

Should You Get a Merchant Cash Advance?

By Ben Dwyer

Many processors now offer cash advances, and popular platform Square is making the process easier than ever by including information on their cash advance program, Square Capital, right in an eligible business’s processing dashboard. But are cash advances worth the costs? Primarily because of hefty fees, it may be worth it to look for funding …

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Credit Card Processing

Taking EMV Chip Cards with a Smartphone or Virtual Terminal

By Ben Dwyer

In fact, many credit card processing companies have options for you. Learn how you can start taking chip cards securely with your smartphone or computer. Can I just use a basic magstripe reader to take EMV chip cards? Technically, yes, you can use a mag stripe reader to take chip cards because the cards have …

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Credit Card Processing

Northern Leasing Systems Lawsuit, Scams, and Review

By Ben Dwyer

The company’s culture is defined by a well-documented history of rampant scams, fraud, lawsuits, and even being sued in federal court for racketeering. Here’s a piece of advice if you’re thinking of leasing a credit card machine from Northern Leasing – don’t. Update: Subsequent to the June 2020 proceeding, the Office of the Attorney General …

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Credit Card Processing

How Your Credit Card Processor Scams You

By Ben Dwyer

Here’s why. The problem is that you’re asking the wrong questions. The key to lowering your processing charges is understanding the fundamentals of how credit card processing fees work and then focusing on what’s really negotiable, and it’s not rates. Defining “Best” You may think that the “best” credit card processing solution is the one …

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Credit Card Processing

Mercury Payment Systems Sued (Again) for Overcharging

By Ben Dwyer

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 …

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Credit Card Processing

Watch Out for EMV Non-Compliance Fees

By Ben Dwyer

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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Credit Card Processing

Chase Pay Digital Wallet

By Ben Dwyer

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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5 Reasons to Ask for OptBlue Pricing if You Take American Express

Should You Get a Merchant Cash Advance?

Taking EMV Chip Cards with a Smartphone or Virtual Terminal

Northern Leasing Systems Lawsuit, Scams, and Review

How Your Credit Card Processor Scams You

Mercury Payment Systems Sued (Again) for Overcharging

Watch Out for EMV Non-Compliance Fees

Chase Pay Digital Wallet

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