Credit Card Processing
(Evil) Tiered Pricing Merchant Account Services
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Tiered pricing is an opaque and expensive merchant account pricing model.
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Credit Card Processing
Reading A Credit Card Processing Statement
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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 …
Credit Card Processing
Contract = Good, Termination Fee = Bad
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A contract does not equate to a cancellation fee and having a contract term end is not really a good thing.
Credit Card Processing
What is a Good Interchange Plus Rate?
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Getting a low interchange plus rate is important, but the rate is just a drop in the bucket.
Credit Card Processing
Sam’s Club Merchant Account Services – Buyer Beware!
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Not too long ago, CardFellow posted an evaluation of Costco merchant accounts that found Costco’s service to be very disappointing. Undeterred, I decided to take a look at the merchant services offered by Sam’s Club to see if Costco’s big-box competitor fares any better. As it turns out, Sam’s Club Merchant Services uses the same …
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Credit Card Processing
Visa International Acquirer Fee
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Despite how it sounds, you may incur the international acquirer fee even if you don’t think you take international payments. That’s because the fee applies to transactions in the United States made with cards issued outside of the United States. If a foreign customer uses their card at your business, the fee will apply. Visa …
Credit Card Processing
Visa Base II Fee or Settlement Network Access Fee
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Visa charges a number of different fees, called assessment fees. Every time you accept a Visa card, assessments apply. The Base II fee, or settlement network access fee, is one of those assessment fees. As of 2018, Visa sets the Base II fee at $0.0025. What is Visa Base I and Base II? Visa’s processing …
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Credit Card Processing
101 Credit Card Processing Tips
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101 credit card processing tips may seem like a lot, but the more you know the better equipped you will be to avoid pitfalls. The benefits of CardFellow also become more apparent as you learn how credit card processing *really* works.