Credit Card Processing
Fixed Acquirer Network Fee (FANF) Visa
By
Visa’s new Fixed Acquirer Network Fee increased credit card processing fees across the board.
By
By
Credit Card Processing
1.54% “Flat Wholesale Rate”
By
At CardFellow, we received this message from a curious business owner. I have a question about a specific company – [removed to protect the guilty]. They are saying the rate they can provide is 1.54% on qualified and mid-qualified cards (“flat wholesale rate”). The only other rate is “up to 4.61%” on non-qualified cards. Then …
Credit Card Processing
Are Credit Card Processing Fees Negotiable?
By
Before you can negotiate credit card processing fees, you have to know which fees are flexible. Credit card processing is like any other industry in that there are fixed costs and markups. Fixed costs are those that a processor can’t change, and markups are open to discussion. Understanding the components of credit card processing cost …
Credit Card Processing
Understanding American Express Merchant Services
By
There’s a lot of confusion about American Express merchant services. We regularly field questions about discount rates, pricing models, and settlement. In this article, we’ll explain everything you need to know about accepting American Express at a business. Just looking to see costs to take Amex cards? For the most up-to-date pricing, use our free …
Understanding American Express Merchant Services Read More »
Credit Card Processing
How to Read an Intuit Merchant Statement
By
If you use Intuit for your merchant services, you may find your monthly statements confusing. This tutorial will show you to read an Intuit merchant statement, and it will highlight the aspects of Intuit’s credit card processing services that make it expensive and opaque when compared to more competitive options that we will cover. The …
Credit Card Processing
Can I Reprogram My Credit Card Machine For Different Processors?
By
If you’re wondering if your credit card machine can be reprogrammed, here’s the scoop: Some credit card machines can be reprogrammed to work with virtually any credit card processing service, while other machines will only work with a specific processor. Older credit card machines that don’t have the proper hardware and memory to support modern …
Can I Reprogram My Credit Card Machine For Different Processors? Read More »
Credit Card Processing
(Evil) Tiered Pricing Merchant Account Services
By
Tiered pricing is an opaque and expensive merchant account pricing model.
Credit Card Processing
Reading A Credit Card Processing Statement
By
This article will provide the general steps and knowledge necessary to decipher your small business credit card processing statement, and will link to detailed examples of actual statement analyses that will allow you to follow along as we dissect various merchant account statements. Existing Clients: If you used CardFellow to find your current processor and …